How to Buy Thomson Reuters Stock [2024]

Summary: Thomson Reuters (TSX: TRI) is one of Canada’s largest mass media conglomerates and an S&P/TSX 60 component attracting a number of investors every year. In this guide, you will learn how to buy Thomson Reuters stock and capitalize on its solid presence in the news and information industries through an online stock trading platforms such as Interactive Brokers.

About Thomson Reuters

Thomson Reuters (TSX: TRI) is a Canadian multinational mass media conglomerate. The company provides news and information-based tools to corporate, tax, accounting, and government communities and puts a special emphasis on legal and tax changes.

Why invest in Thomson Reuters — Growth prospects and considerations

As of December 2023, 80% of total Thomson Reuters revenue is recurring, which makes the company recession resistant. However, its dividend yield is at a mere 1.37%, which might deter investors looking to generate passive income. That is, the stock is more suitable for traders focused on growth investing, as the company retains and spends a large portion of its revenue on expanding its business. However, it must be noted that the company has a history of steady dividend payments and that it’s managed to increase its dividend by around 3.0% a year on average in the past decade.

Further, Thomson Reuters boasts a 38% increase in earnings over the past five years, which is a positive indicator of its growth potential, considering the company’s size. Note, however, that the company’s legal branch is responsible for a large chunk of its income, which could indicate some obstacles in the company’s forward trajectory, given the recent rumors about law trimming staff and preparing for layoffs. So far, though, Thomson Reuters seems unaffected. 

Finally, we must consider Thomson Reuters as one of the major proponents of artificial intelligence (AI). Mary Alice Vuici, chief people officer for Thomson Reuters, thinks:

“AI is a phenomenal opportunity for the professionals we serve through our products, and equally internally for our colleagues. We think it’s a tool for augmenting the potential of our colleagues in new ways, helping them do work better, faster, more effectively.”

This stance is hardly surprising, given that Thomson Reuters is committing to spending $100 million a year on AI technology. Moreover, the company is set to acquire Casetext, a legal AI startup worth $650 million. If it keeps making similar strategic movies, the company might become a good choice for investors looking to have a stake not only in mass media but the AI landscape as well.

How to buy Thomson Reuters stock: Step-by-step process

To buy Thomson Reuters stock, Canadian investors can take the following four steps:

Step 1: Choosing the right broker

To buy Thomson Reuters stock, you must choose a solid broker that will give you access to Toronto Stock Exchange and allow you to add the stock to your portfolio. There is a huge number of brokers available to Canadian investors nowadays. When trying to choose one based on your financial goals and investing strategy, compare potential platforms based on factors such as:

• Fees;
• Platform accessibility;
• Customer support;
• Trading tool availability;
• Order types;
• Etc. 

Our go-to broker for Canadian investors is Interactive Brokers, a platform featuring:

• Commission-free stock trading;
• Global stock-trading on 90+ market centers;
• Fractional shares;
• Additional income on fully paid shares;
• Lowest financing rates for margin accounts;
• No account minimums.

Step 2: Opening a trading account

Once you’ve chosen a broker, you can proceed to open a trading account. The registration process is usually simple. Namely, you will have to provide the broker with some personal information and verify your identity. The specifics of this know-your-customer (KYC) process will vary from platform to platform, but you’ll likely have to provide some ID documentation. Also, some brokers might ask you to answer a few questions regarding their platform and your investment plans.

Step 3: Funding your account

Once you have opened your trading account, you can fund it and start buying Thomson Reuters stock. Each broker has its own set of available payment methods. Usually, you can:

• Transfer money to it from your bank account;
• Use a wire;
• Scan a check;
• Use third-party payment systems like PayPal;
• Etc.

Step 4: Placing an order

Once you have funded your account, you add Thomson Reuters stock to your trading portfolio. To do that, simply follow these steps:

1. Log in to your broker account;
2. Search for the stock using its ticker symbol (TRI) or simply type in the company name;
3. Choose the type of order you want to place: market, limit, stop, etc. If you’re new, we recommend market orders, as they are the most simple to grasp — it means buying the stock at its current price if it is available and adding it to your portfolio immediately;
4. Enter the number of shares you would like to buy;
5. Review your order one last time to make sure you did not miss anything;
6. Submit your order for execution.

Thomson Reuters stock price today

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Thomson Reuters stock in Canada

How to buy Thomson Reuters stock in Canada?

To buy Thomson Reuters stock in Canada, open an account at an online stock trading platform such as Interactive Brokers.

Can I buy Thomson Reuters stock directly from the company?

No, you cannot buy Thomson Reuters stock directly from the company as it does not have a direct stock purchase plan (DSPP) program.

What is the Thomson Reuters ticker on the TSX?

Thoms Reuters is traded under the ticker symbol TRI.

Where can I find Thomson Reuters stock analysis info?

Thomson Reuters posts regular revenue and earnings reports on its website.