Toronto Dominion Bank reduced its position in TransUnion (NYSE:TRU – Free Report) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,374 shares of the business services provider’s stock after selling 2,886 shares during the quarter. Toronto Dominion Bank’s holdings in TransUnion were worth $3,315,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of TransUnion by 522.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,948 shares of the business services provider’s stock worth $2,040,000 after buying an additional 30,173 shares during the period. California Public Employees Retirement System lifted its stake in TransUnion by 0.4% in the 4th quarter. California Public Employees Retirement System now owns 434,558 shares of the business services provider’s stock valued at $24,661,000 after acquiring an additional 1,829 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in TransUnion by 30.3% in the 1st quarter. Russell Investments Group Ltd. now owns 21,574 shares of the business services provider’s stock valued at $1,340,000 after acquiring an additional 5,018 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of TransUnion by 8.0% in the 1st quarter. HB Wealth Management LLC now owns 5,373 shares of the business services provider’s stock valued at $334,000 after buying an additional 396 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of TransUnion by 1.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 86,274 shares of the business services provider’s stock valued at $4,896,000 after buying an additional 1,170 shares during the last quarter.
Analyst Upgrades and Downgrades
TRU has been the subject of several research reports. Needham & Company LLC raised their price target on TransUnion from $84.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Robert W. Baird raised their price target on TransUnion from $91.00 to $95.00 in a research report on Wednesday, July 26th. Jefferies Financial Group raised their price target on TransUnion from $86.00 to $98.00 in a research report on Monday, July 10th. Royal Bank of Canada raised their price target on TransUnion from $84.00 to $97.00 in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company raised their price target on TransUnion from $88.00 to $94.00 in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.53.
Insider Buying and Selling at TransUnion
In other news, insider Todd C. Skinner sold 18,470 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $74.49, for a total value of $1,375,830.30. Following the completion of the sale, the insider now directly owns 18,561 shares of the company’s stock, valued at $1,382,608.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Steven M. Chaouki sold 951 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.31, for a total transaction of $76,374.81. Following the completion of the transaction, the insider now directly owns 61,421 shares of the company’s stock, valued at $4,932,720.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd C. Skinner sold 18,470 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $74.49, for a total transaction of $1,375,830.30. Following the transaction, the insider now directly owns 18,561 shares of the company’s stock, valued at $1,382,608.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,057 shares of company stock valued at $2,048,126. Insiders own 0.22% of the company’s stock.
TransUnion Trading Down 0.1 %
NYSE TRU opened at $81.13 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50 day simple moving average of $78.76 and a two-hundred day simple moving average of $70.90. The stock has a market cap of $15.68 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. TransUnion has a fifty-two week low of $50.32 and a fifty-two week high of $82.75.
TransUnion (NYSE:TRU – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $957.64 million. TransUnion had a return on equity of 13.59% and a net margin of 6.19%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. On average, analysts forecast that TransUnion will post 3.22 earnings per share for the current year.
TransUnion Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.42 dividend on an annualized basis and a yield of 0.52%. TransUnion’s dividend payout ratio is currently 35.00%.
TransUnion Profile
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.
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