Toronto Dominion Bank lowered its stake in shares of TransUnion (NYSE:TRU – Get Rating) by 44.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,867 shares of the business services provider’s stock after selling 34,060 shares during the period. Toronto Dominion Bank’s holdings in TransUnion were worth $3,348,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in TransUnion by 0.7% in the first quarter. Vanguard Group Inc. now owns 16,806,886 shares of the business services provider’s stock worth $1,736,824,000 after buying an additional 116,546 shares during the last quarter. Farallon Capital Management LLC raised its stake in TransUnion by 121.9% in the 1st quarter. Farallon Capital Management LLC now owns 6,188,496 shares of the business services provider’s stock valued at $639,519,000 after acquiring an additional 3,399,314 shares during the period. Principal Financial Group Inc. lifted its holdings in TransUnion by 1.3% during the first quarter. Principal Financial Group Inc. now owns 4,038,566 shares of the business services provider’s stock valued at $417,345,000 after purchasing an additional 53,508 shares during the last quarter. Royal Bank of Canada boosted its position in TransUnion by 4.5% during the first quarter. Royal Bank of Canada now owns 1,938,852 shares of the business services provider’s stock worth $200,360,000 after purchasing an additional 83,340 shares during the period. Finally, BlueSpruce Investments LP increased its stake in shares of TransUnion by 49.1% in the first quarter. BlueSpruce Investments LP now owns 1,740,502 shares of the business services provider’s stock worth $179,863,000 after purchasing an additional 573,058 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.
TransUnion Stock Up 2.3 %
TRU stock opened at $61.45 on Friday. TransUnion has a 1-year low of $50.32 and a 1-year high of $120.36. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.29. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $59.43 and its 200 day moving average is $73.25.
TransUnion Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 17th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 16th. TransUnion’s payout ratio is currently 6.54%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $70.00 price objective (down from $109.00) on shares of TransUnion in a report on Wednesday, October 19th. The Goldman Sachs Group cut their price target on TransUnion from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, October 27th. Barclays decreased their price objective on TransUnion from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. Robert W. Baird cut their target price on TransUnion from $81.00 to $78.00 in a research note on Wednesday, October 26th. Finally, StockNews.com raised TransUnion from a “sell” rating to a “hold” rating in a report on Saturday, October 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.
TransUnion 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 analytics to businesses. These businesses use 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.
- Get a free copy of the StockNews.com research report on TransUnion (TRU)
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