Thomson Reuters stock soars to all-time high of $179.47

Thomson Reuters Corporation (NYSE:TRI) shares have reached an unprecedented peak, touching an all-time high of $179.47, with a market capitalization of $80.66 billion. According to InvestingPro’s analysis, the company maintains a "GREAT" financial health score, reflecting its robust operational performance. This milestone underscores the company’s robust performance amidst a dynamic market environment. Over the past year, Thomson Reuters has witnessed a significant growth trajectory, with the stock delivering a 13% return while maintaining 37 consecutive years of dividend payments, currently yielding 1.35%. This impressive performance reflects the company’s strong financial health and investor confidence in its strategic direction. The attainment of this all-time high serves as a testament to Thomson Reuters’ enduring value proposition and its ability to adapt and thrive in the ever-evolving global information services industry. Discover 12 additional exclusive insights about TRI with InvestingPro’s comprehensive analysis.

In other recent news, Thomson Reuters has announced its acquisition of SafeSend, a U.S.-based cloud-native technology provider, for $600 million in cash. This strategic move is intended to enhance Thomson Reuters’ offerings in the tax and accounting sectors by integrating SafeSend’s automated solutions. The acquisition is expected to contribute approximately $60 million in revenue for SafeSend in 2025, with an anticipated growth rate exceeding 25% annually in subsequent years. Additionally, Thomson Reuters has launched a new $150 million Corporate Venture Capital Fund named Thomson Reuters Ventures, targeting early-stage technology companies in sectors such as Legal Technology and Fintech. This initiative follows a previous $100 million fund and is part of the company’s broader strategy to maintain its leadership position through innovation. Furthermore, Thomson Reuters plans to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market. This transition is scheduled to occur at the close of market on February 24, 2025, aligning Thomson Reuters with other tech-driven firms on Nasdaq. These developments reflect Thomson Reuters’ ongoing efforts to advance its strategic goals and enhance its market offerings.

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