Argent Capital Management LLC Has $16.01 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Argent Capital Management LLC lessened its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRI. Asset Dedication LLC boosted its holdings in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group bought a new stake in Thomson Reuters during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the 3rd quarter worth approximately $47,000. Exchange Traded Concepts LLC increased its holdings in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after buying an additional 167 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after buying an additional 200 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Up 2.0 %

Shares of NYSE:TRI opened at $157.55 on Thursday. The stock’s 50-day moving average price is $163.60 and its two-hundred day moving average price is $165.54. The firm has a market cap of $70.90 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.89 and a beta of 0.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $145.27 and a 12-month high of $176.03.

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

Thomson Reuters Increases Dividend

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

Analyst Ratings Changes

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