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TORONTO - Thomson Reuters (TSX/NASDAQ:TRI), currently valued at $75.68 billion, announced today it plans to repurchase up to $1 billion of its shares under a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange. According to InvestingPro data, the stock is trading near its 52-week low, with a current share price of $167.81.
The program will allow the global content and technology company to repurchase up to 10 million common shares, representing approximately 2.22% of its issued and outstanding shares as of August 12, 2025. The repurchase period runs from August 19, 2025, to August 18, 2026.
Under the NCIB, shares may be repurchased in open market transactions on the TSX, Nasdaq, other exchanges, or through alternative methods permitted by regulators. Daily repurchases on the TSX will be limited to a maximum of 91,026 shares, except for block purchases.
The company stated that any repurchased shares will be cancelled. Thomson Reuters may also enter into pre-defined repurchase plans with its broker when it does not possess material nonpublic information.
According to the announcement, the share repurchase program provides flexibility in returning capital to shareholders who choose to participate by selling their shares. The company noted that decisions about future repurchases will depend on factors including market conditions, share price, and other growth investment opportunities.
The announcement was made in a press release statement issued by Thomson Reuters, which describes itself as a provider of content and technology for professionals across legal, tax, audit, accounting, compliance, government, and media sectors.
In other recent news, Thomson Reuters Corp reported its Q2 2025 financial results, highlighting a 7% organic revenue growth driven by advancements in AI-enabled products. The company posted an adjusted earnings per share (EPS) of $0.87, slightly up from the previous year, meeting analysts’ expectations. Despite these positive earnings results, there were concerns among investors regarding future growth due to the competitive landscape. In the realm of analyst actions, it’s important to note that no specific upgrades or downgrades were mentioned in the recent developments. The focus remains on the company’s innovation and performance in the AI sector. These updates are part of the latest developments surrounding Thomson Reuters, providing insight into its current financial standing and market position.
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