Commonwealth Equity Services LLC Has $5.97 Million Stock Holdings in TransUnion (NYSE:TRU)

Posted by Defense World Staff on Sep 1st, 2023

Commonwealth Equity Services LLC increased its position in shares of TransUnion (NYSE:TRU – Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,048 shares of the business services provider’s stock after acquiring an additional 2,921 shares during the period. Commonwealth Equity Services LLC’s holdings in TransUnion were worth $5,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in shares of TransUnion during the 1st quarter valued at $49,000. KB Financial Partners LLC raised its holdings in TransUnion by 86.5% during the first quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock valued at $50,000 after buying an additional 225 shares in the last quarter. CVA Family Office LLC lifted its position in shares of TransUnion by 58.2% in the first quarter. CVA Family Office LLC now owns 530 shares of the business services provider’s stock worth $33,000 after buying an additional 195 shares during the last quarter. Column Capital Advisors LLC bought a new stake in shares of TransUnion during the 1st quarter worth about $34,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of TransUnion by 339.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 589 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 455 shares during the last quarter.

Wall Street Analysts Forecast Growth

TRU has been the subject of several analyst reports. StockNews.com started coverage on TransUnion in a report on Thursday, August 17th. They issued a “hold” rating for the company. Truist Financial upped their price objective on shares of TransUnion from $70.00 to $85.00 in a report on Wednesday, July 19th. Barclays lifted their target price on shares of TransUnion from $67.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 25th. Royal Bank of Canada upped their price target on shares of TransUnion from $84.00 to $97.00 in a report on Wednesday, July 26th. Finally, Robert W. Baird lifted their price objective on TransUnion from $91.00 to $95.00 in a research note on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.53.

Read Our Latest Stock Report on TRU

TransUnion Stock Performance

TRU opened at $81.22 on Friday. TransUnion has a 1 year low of $50.32 and a 1 year high of $82.75. The stock has a market cap of $15.70 billion, a PE ratio of 67.68, a P/E/G ratio of 1.12 and a beta of 1.37. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $78.62 and its 200-day simple moving average is $70.80.

TransUnion (NYSE:TRU – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. TransUnion had a net margin of 6.19% and a return on equity of 13.59%. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $957.64 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that TransUnion will post 3.22 EPS for the current year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be given a $0.105 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.42 annualized dividend and a yield of 0.52%. TransUnion’s payout ratio is 35.00%.

Insiders Place Their Bets

In related news, insider Steven M. Chaouki sold 951 shares of TransUnion stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $73.66, for a total value of $70,050.66. Following the completion of the transaction, the insider now directly owns 62,372 shares of the company’s stock, valued at $4,594,321.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TransUnion news, insider Steven M. Chaouki sold 951 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $73.66, for a total value of $70,050.66. Following the completion of the transaction, the insider now directly owns 62,372 shares of the company’s stock, valued at $4,594,321.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Abhi Dhar sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $80.00, for a total transaction of $280,000.00. Following the sale, the executive vice president now directly owns 69,702 shares in the company, valued at $5,576,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,057 shares of company stock valued at $2,048,126. 0.28% of the stock is currently owned by corporate insiders.

About TransUnion

(Free Report)

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.