CIBC Asset Management Inc Trims Holdings in Equifax, Inc. $EFX

CIBC Asset Management Inc decreased its holdings in shares of Equifax, Inc. (NYSE:EFX) by 64.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,654 shares of the credit services provider’s stock after selling 130,672 shares during the period. CIBC Asset Management Inc owned 0.06% of Equifax worth $18,350,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Biltmore Family Office LLC raised its holdings in shares of Equifax by 32.5% during the third quarter. Biltmore Family Office LLC now owns 23,426 shares of the credit services provider’s stock valued at $6,009,000 after acquiring an additional 5,750 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Equifax by 20.6% during the 3rd quarter. UniSuper Management Pty Ltd now owns 13,995 shares of the credit services provider’s stock valued at $3,590,000 after purchasing an additional 2,395 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Equifax by 17.3% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 6,879 shares of the credit services provider’s stock worth $1,765,000 after purchasing an additional 1,017 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Equifax by 776.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,980 shares of the credit services provider’s stock worth $508,000 after purchasing an additional 1,754 shares during the period. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Equifax during the 3rd quarter valued at about $76,754,000. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on EFX. Wells Fargo & Company lowered their price objective on shares of Equifax from $285.00 to $265.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Seaport Research Partners raised Equifax to a “hold” rating in a research report on Wednesday, October 1st. Bank of America dropped their price target on Equifax from $285.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Morgan Stanley reduced their price target on Equifax from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus decreased their price objective on Equifax from $295.00 to $253.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.14.

Equifax Price Performance

Shares of NYSE:EFX opened at $209.71 on Monday. The business has a fifty day moving average price of $215.27 and a 200-day moving average price of $231.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $25.67 billion, a PE ratio of 39.79, a PEG ratio of 2.10 and a beta of 1.56. Equifax, Inc. has a 1-year low of $199.98 and a 1-year high of $281.07.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, November 24th. Equifax’s dividend payout ratio is currently 37.95%.

Equifax Company Profile

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.

The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.