Raymond James Financial Services Advisors Inc. reduced its stake in TransUnion (NYSE:TRU – Get Rating) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,394 shares of the business services provider’s stock after selling 972 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TransUnion were worth $737,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. acquired a new stake in shares of TransUnion in the 2nd quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new position in shares of TransUnion during the first quarter worth approximately $49,000. Desjardins Global Asset Management Inc. purchased a new position in shares of TransUnion during the second quarter worth approximately $37,000. KB Financial Partners LLC increased its holdings in shares of TransUnion by 86.5% in the 1st quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 225 shares during the period. Finally, Magellan Asset Management Ltd acquired a new stake in TransUnion during the 2nd quarter worth $57,000. Institutional investors and hedge funds own 95.02% of the company’s stock.
TransUnion Stock Up 2.8 %
TRU opened at $69.78 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.64 and a beta of 1.30. TransUnion has a one year low of $50.32 and a one year high of $105.23. The business’s fifty day moving average is $61.19 and its two-hundred day moving average is $66.97.
TransUnion Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, November 16th. TransUnion’s dividend payout ratio (DPR) is presently 6.54%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Morgan Stanley raised shares of TransUnion from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $80.00 to $78.00 in a report on Wednesday, January 4th. BNP Paribas assumed coverage on TransUnion in a research note on Friday, January 6th. They issued a “neutral” rating and a $64.50 target price on the stock. 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 research note on Thursday, October 27th. StockNews.com lowered shares of TransUnion from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of TransUnion from $101.00 to $71.00 and set a “buy” rating for the company in a research report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.57.
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. The firm operates through the following segments: U.S. Markets, International, Consumer Interactive, and Corporate.
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