Deutsche Bank AG Sells 343,650 Shares of TransUnion (NYSE:TRU)

Posted by Defense World Staff on Jun 11th, 2023

Deutsche Bank AG cut its position in shares of TransUnion (NYSE:TRU – Get Rating) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 906,005 shares of the business services provider’s stock after selling 343,650 shares during the period. Deutsche Bank AG owned about 0.47% of TransUnion worth $51,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TRU. Raymond James Financial Services Advisors Inc. raised its position in TransUnion by 1.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,272 shares of the business services provider’s stock valued at $1,372,000 after purchasing an additional 207 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of TransUnion by 52.4% in the 1st quarter. American Century Companies Inc. now owns 8,374 shares of the business services provider’s stock valued at $865,000 after acquiring an additional 2,880 shares during the period. Roundview Capital LLC increased its holdings in shares of TransUnion by 1.3% in the 1st quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider’s stock valued at $2,165,000 after acquiring an additional 272 shares during the period. HighTower Advisors LLC increased its holdings in shares of TransUnion by 50.9% in the 1st quarter. HighTower Advisors LLC now owns 6,551 shares of the business services provider’s stock valued at $673,000 after acquiring an additional 2,211 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in shares of TransUnion in the 1st quarter valued at $1,000,000. 95.02% of the stock is owned by institutional investors.

Insider Activity

In related news, Director George M. Awad sold 7,189 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $72.18, for a total value of $518,902.02. Following the completion of the transaction, the director now owns 48,483 shares of the company’s stock, valued at approximately $3,499,502.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director George M. Awad sold 7,189 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $72.18, for a total value of $518,902.02. Following the completion of the transaction, the director now owns 48,483 shares of the company’s stock, valued at approximately $3,499,502.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heather J. Russell sold 7,996 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $57.41, for a total value of $459,050.36. Following the completion of the transaction, the executive vice president now directly owns 31,535 shares of the company’s stock, valued at approximately $1,810,424.35. The disclosure for this sale can be found here. Insiders sold a total of 72,160 shares of company stock valued at $4,728,868 in the last quarter. 0.22% of the stock is currently owned by company insiders.

TransUnion Stock Performance

Shares of TRU stock opened at $73.30 on Friday. The stock has a market cap of $14.16 billion, a PE ratio of 51.99, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. The business has a 50-day simple moving average of $67.32 and a 200-day simple moving average of $64.84. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.26. TransUnion has a 52-week low of $50.32 and a 52-week high of $90.08.

TransUnion (NYSE:TRU – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $940.30 million during the quarter, compared to analysts’ expectations of $913.69 million. TransUnion had a return on equity of 14.47% and a net margin of 7.34%. On average, equities analysts expect that TransUnion will post 3.19 EPS for the current year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.42 annualized dividend and a dividend yield of 0.57%. TransUnion’s dividend payout ratio (DPR) is presently 29.79%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRU shares. Bank of America cut their price target on TransUnion from $91.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, February 15th. Truist Financial dropped their target price on TransUnion from $74.00 to $66.00 in a research note on Thursday, March 16th. StockNews.com initiated coverage on TransUnion in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Credit Suisse Group boosted their target price on TransUnion from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 15th. Finally, BNP Paribas upgraded TransUnion from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Wednesday, March 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.50.

TransUnion Profile

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TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services, and decision-making capabilities to businesses. It operates through the following segments: U.S. Markets, International, Consumer Interactive, and Corporate.