Top 5 3rd Quarter Trades of ARGENT CAPITAL MANAGEMENT LLC

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Nov 10, 2022
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ARGENT CAPITAL MANAGEMENT LLC recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Argent Capital Management LLC is an investment management firm based out of St. Louis, Missouri. The company was originally established in 1998 and has grown from its inception to now operate with 20 employees, of which all but one are investment professionals. Argent Capital Management conducts its research internally, utilizing a qualitative and quantitative methodology to make its investment decisions. The company focuses on the growth and value stocks of small and large companies, picking out selected companies with a bottom up approach. Argent Capital Management benchmarks its performances against various S&P and Russell indexes. The company invests most heavily in the information technology sector, which alone makes up over a quarter of the firm’s total asset allocations and also invests in the consumer discretionary, finance, health care, and consumer staples sectors, among other sectors such as industrials and materials to a lesser degree, in order of decreasing allocation. Argent Capital Management holds its allocations for 9.4 quarters on average although the firm only holds its top 10 allocations for 3.4 quarters on average. The company’s top 10 holdings make up approximately a third of the firm’s total allocations and, in the most recent quarter, Argent Capital Management has had a turnover rate of 50.24%. Argent Capital Management manages over $2.3 billion in total assets under management spread across just under 1000 total accounts. Both of the firm’s total number of accounts and total assets under management have been increasing in recent years with its total number of accounts growing from 625 back in 2010 to its current amount and its managed assets increasing significantly from $600 million five years ago to become well over three times that amount. Argent Capital Management mainly caters to individuals, which alone makes up three quarters of its client base. The company currently offers its Large Cap Growth and Small Cap strategies.

As of the latest 13F report, the guru’s equity portfolio contained 163 stocks valued at a total of $2.55Bil. The top holdings were MSFT(4.58%), AAPL(4.20%), and DHR(4.11%).

According to GuruFocus data, these were ARGENT CAPITAL MANAGEMENT LLC’s top five trades of the quarter.

S&P 500 ETF TRUST ETF


The guru sold out of their 183,406-share investment in ARCA:SPY. Previously, the stock had a 2.62% weight in the equity portfolio. Shares traded for an average price of $395.76 during the quarter.

On 11/10/2022, S&P 500 ETF TRUST ETF traded for a price of $374.13 per share and a market cap of $352.27Bil. The stock has returned -18.74% over the past year.

GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 19.10, a price-book ratio of 3.54, a price-earnings-to-growth (PEG) ratio of 2.30, a EV-to-Ebitda ratio of 14.13 and a price-sales ratio of 2.59.

The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.

Truist Financial Corp


ARGENT CAPITAL MANAGEMENT LLC reduced their investment in NYSE:TFC by 1,277,933 shares. The trade had a 2.3% impact on the equity portfolio. During the quarter, the stock traded for an average price of $48.11.

On 11/10/2022, Truist Financial Corp traded for a price of $42.69 per share and a market cap of $56.64Bil. The stock has returned -30.23% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Truist Financial Corp has a price-earnings ratio of 9.79, a price-book ratio of 1.05, a price-earnings-to-growth (PEG) ratio of 1.11 and a price-sales ratio of 2.56.

The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 7.

The Carlyle Group Inc


The guru established a new position worth 1,654,296 shares in NAS:CG, giving the stock a 1.68% weight in the equity portfolio. Shares traded for an average price of $32.93 during the quarter.

On 11/10/2022, The Carlyle Group Inc traded for a price of $26.04 per share and a market cap of $9.41Bil. The stock has returned -54.68% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, The Carlyle Group Inc has a price-earnings ratio of 4.75, a price-book ratio of 1.57, a price-earnings-to-growth (PEG) ratio of 0.07 and a price-sales ratio of 2.22.

The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 6.

LPL Financial Holdings Inc


ARGENT CAPITAL MANAGEMENT LLC reduced their investment in NAS:LPLA by 195,773 shares. The trade had a 1.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $212.68.

On 11/10/2022, LPL Financial Holdings Inc traded for a price of $258.11 per share and a market cap of $20.55Bil. The stock has returned 58.02% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, LPL Financial Holdings Inc has a price-earnings ratio of 33.13, a price-book ratio of 10.30, a price-earnings-to-growth (PEG) ratio of 1.95 and a price-sales ratio of 7.58.

The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 9.

Charles River Laboratories International Inc


During the quarter, ARGENT CAPITAL MANAGEMENT LLC bought 158,627 shares of NYSE:CRL for a total holding of 169,451. The trade had a 1.23% impact on the equity portfolio. During the quarter, the stock traded for an average price of $215.88.

On 11/10/2022, Charles River Laboratories International Inc traded for a price of $221.09 per share and a market cap of $11.25Bil. The stock has returned -42.34% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Charles River Laboratories International Inc has a price-earnings ratio of 33.45, a price-book ratio of 4.28, a price-earnings-to-growth (PEG) ratio of 2.16, a EV-to-Ebitda ratio of 16.62 and a price-sales ratio of 2.99.

The price-to-GF Value ratio is 0.73, earning the stock a GF Value rank of 9.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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