PNC Financial Services Group Inc. Increases Stock Position in TransUnion (NYSE:TRU)

PNC Financial Services Group Inc. grew its stake in shares of TransUnion (NYSE:TRU) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,867 shares of the business services provider’s stock after acquiring an additional 225 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TransUnion were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of TransUnion by 105.3% during the first quarter. Fifth Third Bancorp now owns 423 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of TransUnion by 194.1% during the first quarter. Private Trust Co. NA now owns 553 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 365 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of TransUnion during the fourth quarter valued at $47,000. Quarry LP bought a new position in shares of TransUnion during the fourth quarter valued at $58,000. Finally, NewEdge Advisors LLC increased its holdings in shares of TransUnion by 72.1% during the fourth quarter. NewEdge Advisors LLC now owns 649 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 272 shares in the last quarter.

Insider Transactions at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total transaction of $87,140.00. Following the transaction, the insider directly owned 74,393 shares of the company’s stock, valued at $6,482,606.02. The trade was a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer A. Williams sold 972 shares of TransUnion stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the transaction, the chief accounting officer directly owned 7,108 shares in the company, valued at approximately $660,262.12. The trade was a 12.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,972 shares of company stock worth $353,549. Insiders own 0.22% of the company’s stock.

TransUnion Trading Down 1.2%

Shares of NYSE:TRU opened at $89.02 on Friday. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 2.48 and a beta of 1.65. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03. The stock’s 50-day simple moving average is $90.75 and its two-hundred day simple moving average is $87.56. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. Analysts expect that TransUnion will post 3.99 EPS for the current year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Friday, August 22nd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. TransUnion’s dividend payout ratio (DPR) is presently 23.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRU shares. UBS Group restated a “neutral” rating and set a $105.00 price target (up from $98.00) on shares of TransUnion in a report on Friday, July 25th. Oppenheimer increased their price objective on TransUnion from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Stifel Nicolaus dropped their price objective on TransUnion from $120.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Wall Street Zen cut TransUnion from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, BMO Capital Markets increased their price objective on TransUnion from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and an average price target of $112.46.

TransUnion Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. 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.