Thomson Reuters (TRI) slides as traders digest affiliate sale filing and recent corporate actions

Thomson Reuters (TRI) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to renewed supply concerns after a recent Rule 144/Form 144 notice flagged potential affiliate share sales, which can pressure sentiment even when sales are only “proposed.” The move may also reflect ongoing post-transaction repositioning after the company’s return-of-capital cash payout and proportional share consolidation, alongside a softer tape for Canadian tech/information-services names.

Details:

A Form 144 (Rule 144) filing disclosed a proposed sale of Thomson Reuters common shares by an affiliate/insider, a type of disclosure that can be interpreted as incremental near-term selling pressure.

Earlier in May, Thomson Reuters completed a return-of-capital transaction involving an approximately $1.36 per-share cash distribution and a proportional share consolidation, a structure that can create temporary technical selling and index/portfolio rebalancing flows.

In its first-quarter 2026 update, the company discussed continued investment in AI-enabled products and initiatives; investors have been sensitive to near-term margin implications from heavier spend.

This could also be partly macro-driven, as the broader Canadian equity market saw weakness in technology-related names during today’s session.

Sources:

SEC EDGAR, Thomson Reuters Investor Relations, OCC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$TRI Hedge Fund Activity

We have seen 223 institutional investors add shares of $TRI stock to their portfolio, and 296 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

1832 ASSET MANAGEMENT L.P. added 3,454,085 shares (+191.9%) to their portfolio in Q4 2025, for an estimated $455,559,270
BANK OF MONTREAL /CAN/ removed 857,817 shares (-14.1%) from their portfolio in Q1 2026, for an estimated $77,186,373
CANADA PENSION PLAN INVESTMENT BOARD added 806,625 shares (+582.1%) to their portfolio in Q4 2025, for an estimated $106,385,771
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. removed 785,970 shares (-38.4%) from their portfolio in Q4 2025, for an estimated $103,661,583
MORGAN STANLEY added 665,743 shares (+31.2%) to their portfolio in Q4 2025, for an estimated $87,804,844
MACKENZIE FINANCIAL CORP removed 663,506 shares (-27.9%) from their portfolio in Q1 2026, for an estimated $59,702,269
JPMORGAN CHASE & CO removed 502,243 shares (-39.7%) from their portfolio in Q4 2025, for an estimated $66,240,829

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TRI Price Targets

Multiple analysts have issued price targets for $TRI recently. We have seen 11 analysts offer price targets for $TRI in the last 6 months, with a median target of $138.0.

Here are some recent targets:

Manav Patnaik from Barclays set a target price of $140.0 on 05/08/2026
Jason Haas from Wells Fargo set a target price of $97.0 on 05/06/2026
Maher Yaghi from Scotiabank set a target price of $138.0 on 05/06/2026
Vince Valentini from TD Cowen set a target price of $185.0 on 05/06/2026
Kevin Mcveigh from UBS set a target price of $183.0 on 04/23/2026
Joshua Dennerlein from B of A Securities set a target price of $115.0 on 03/10/2026
Drew McReynolds from RBC Capital set a target price of $126.0 on 02/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.