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

Argent Capital Management LLC lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of 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 valued at $720,000 after acquiring an additional 1,056 shares in the last quarter. BOKF NA lifted its stake 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 purchasing an additional 434 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Thomson Reuters by 20.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 35,480 shares of the business services provider's stock valued at $6,046,000 after purchasing an additional 6,075 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Thomson Reuters by 5.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,012 shares of the business services provider's stock worth $1,182,000 after buying an additional 358 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Thomson Reuters by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,605 shares of the business services provider's stock worth $30,954,000 after buying an additional 9,571 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. CIBC increased their price objective on 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 raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. Scotiabank upped 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 note on Wednesday, November 6th. Royal Bank of Canada lifted their target price 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. Finally, Wells Fargo & Company assumed coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $176.10.

Thomson Reuters Trading Up 0.2 %

Shares of NYSE TRI traded up $0.39 during midday trading on Thursday, hitting $158.10. The stock had a trading volume of 145,284 shares, compared to its average volume of 310,500. The firm has a market cap of $71.15 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. Thomson Reuters Co. has a fifty-two week low of $146.10 and a fifty-two week high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company's 50-day simple moving average is $163.43 and its 200 day simple moving average is $165.48.

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

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a $0.54 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. 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. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

About Thomson Reuters

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.