Skip to Main Content
×
Quiver Logo Get a Free Trial on Quiver Premium Today!
Back to News

Thomson Reuters Jumps as Investors Weigh KKR Deal, Buybacks, and August Earnings

None

Thomson Reuters (TRI) is up 8.4% today. Here is some analysis on what might have caused this price movement. ([thomsonreuters.com](https://www.thomsonreuters.com/en/press-releases/2026/july/thomson-reuters-and-kkr-announce-joint-venture-for-thomson-reuters-global-print-business?utm_source=openai))

Analysis: The most likely driver appears to be continued investor enthusiasm around Thomson Reuters’ agreement to sell a 51% stake in its Global Print business to KKR for about $500 million, a deal that further sharpens the company’s focus on higher-growth software and AI products. The move may also reflect support from the company’s active repurchase program and optimism heading into its scheduled August 5, 2026 second-quarter earnings release. ([thomsonreuters.com](https://www.thomsonreuters.com/en/press-releases/2026/july/thomson-reuters-and-kkr-announce-joint-venture-for-thomson-reuters-global-print-business))

Details:

  • Thomson Reuters announced on July 14 that it will receive about $500 million in gross proceeds from the KKR transaction while keeping a 49% interest in the new venture. ([thomsonreuters.com](https://www.thomsonreuters.com/en/press-releases/2026/july/thomson-reuters-and-kkr-announce-joint-venture-for-thomson-reuters-global-print-business))
  • The company said the deal helps narrow its focus toward fiduciary-grade AI offerings for legal, tax, audit, and compliance customers. ([thomsonreuters.com](https://www.thomsonreuters.com/en/press-releases/2026/july/thomson-reuters-and-kkr-announce-joint-venture-for-thomson-reuters-global-print-business))
  • In first-quarter 2026 results, Thomson Reuters posted 10% revenue growth, 8% organic revenue growth, and kept its full-year outlook unchanged, suggesting business momentum was intact before today’s rally. ([investors.thomsonreuters.com](https://investors.thomsonreuters.com/news-releases/news-release-details/thomson-reuters-reports-first-quarter-2026-results?utm_source=openai))
  • Management also announced a $600 million share repurchase program earlier this year and disclosed $262 million of buybacks completed by early May, which can support sentiment around the stock. ([thomsonreuters.com](https://www.thomsonreuters.com/en/press-releases/2026/february/thomson-reuters-announces-new-us-600-million-share-repurchase-program-and-us-605-million-return-of-capital-and-share-consolidation-transactions))
  • Sources:

    Thomson Reuters, SEC, MarketBeat

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

    $TRI Hedge Fund Activity

    We have seen 253 institutional investors add shares of $TRI stock to their portfolio, and 187 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    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 Government Contracts

    We have seen $1,040,420 of award payments to $TRI over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

    $TRI Price Targets

    Multiple analysts have issued price targets for $TRI recently. We have seen 10 analysts offer price targets for $TRI in the last 6 months, with a median target of $120.5.

    Here are some recent targets:

    • Jason Haas from Wells Fargo set a target price of $85.0 on 06/30/2026
    • Curtis Nagle from B of A Securities set a target price of $98.0 on 05/19/2026
    • Manav Patnaik from Barclays set a target price of $140.0 on 05/08/2026
    • 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
    • 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.

    Add Quiver Quantitative to your preferred sources on Google Google News Logo

    Suggested Articles