Argent Capital Management LLC Sells 1,976 Shares of Thomson Reuters Co. (NYSE:TRI)

Argent Capital Management LLC trimmed its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 99,820 shares of the business services provider’s stock after selling 1,976 shares during the period. Argent Capital Management LLC’s holdings in Thomson Reuters were worth $16,009,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in Thomson Reuters by 32.9% during the 2nd quarter. Private Advisor Group LLC now owns 4,270 shares of the business services provider’s stock worth $720,000 after purchasing an additional 1,056 shares in the last quarter. BOKF NA lifted its position in Thomson Reuters by 69.7% during the second quarter. BOKF NA now owns 1,057 shares of the business services provider’s stock worth $178,000 after acquiring an additional 434 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Thomson Reuters by 20.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 35,480 shares of the business services provider’s stock worth $6,046,000 after acquiring an additional 6,075 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Thomson Reuters by 5.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,012 shares of the business services provider’s stock worth $1,182,000 after acquiring an additional 358 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Thomson Reuters by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 183,605 shares of the business services provider’s stock worth $30,954,000 after acquiring an additional 9,571 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 2.0 %

TRI opened at $157.55 on Thursday. The firm’s 50 day simple moving average is $163.60 and its two-hundred day simple moving average is $165.54. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $70.90 billion, a PE ratio of 31.01, a PEG ratio of 4.89 and a beta of 0.72. Thomson Reuters Co. has a 1-year low of $145.27 and a 1-year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective for the company. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC increased their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Scotiabank increased their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $176.10.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.