Thomson Reuters Co. (NYSE:TRI) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC cut its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 101,796 shares of the business services provider’s stock after selling 2,490 shares during the period. Argent Capital Management LLC’s holdings in Thomson Reuters were worth $17,366,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TRI. Blair William & Co. IL grew its position in Thomson Reuters by 3.0% during the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after buying an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Thomson Reuters by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after purchasing an additional 74 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock worth $277,000 after purchasing an additional 75 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after purchasing an additional 79 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.7 %

TRI traded down $1.15 during trading on Thursday, hitting $165.84. The company’s stock had a trading volume of 35,489 shares, compared to its average volume of 355,579. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The stock has a market cap of $74.56 billion, a PE ratio of 31.83, a PEG ratio of 5.61 and a beta of 0.73. The firm’s 50 day moving average price is $168.71 and its 200-day moving average price is $165.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.146 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.58 annualized dividend and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio is presently 41.14%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Thomson Reuters from $168.00 to $171.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $164.00 to $182.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus target price of $173.73.

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.