AEGON ASSET MANAGEMENT UK Plc trimmed its stake in TransUnion (NYSE:TRU – Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,228 shares of the business services provider’s stock after selling 7,189 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.06% of TransUnion worth $10,864,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of TRU. Sumitomo Mitsui Trust Group Inc. raised its holdings in TransUnion by 12.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider’s stock worth $136,951,000 after buying an additional 140,952 shares during the period. FMR LLC increased its position in shares of TransUnion by 307.7% in the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after acquiring an additional 3,427,199 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of TransUnion during the second quarter valued at approximately $493,000. Captrust Financial Advisors purchased a new stake in shares of TransUnion in the 3rd quarter valued at approximately $892,000. Finally, Artemis Investment Management LLP acquired a new position in TransUnion in the 3rd quarter worth approximately $32,008,000.
Insiders Place Their Bets
In other news, insider Steven M. Chaouki sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.66, for a total value of $158,490.00. Following the completion of the sale, the insider now directly owns 62,988 shares of the company’s stock, valued at approximately $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $101.48, for a total transaction of $313,573.20. Following the transaction, the insider now directly owns 24,333 shares in the company, valued at $2,469,312.84. This trade represents a 11.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,090 shares of company stock valued at $1,916,758 in the last quarter. Insiders own 0.22% of the company’s stock.
TransUnion Price Performance
TransUnion (NYSE:TRU – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that TransUnion will post 3.44 EPS for the current fiscal year.
TransUnion Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 22nd were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 22nd. TransUnion’s payout ratio is 36.52%.
Wall Street Analysts Forecast Growth
TRU has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. The Goldman Sachs Group increased their price objective on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $121.00 target price on shares of TransUnion in a research note on Thursday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research report on Thursday, January 16th. Finally, Oppenheimer lowered their price objective on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, TransUnion presently has an average rating of “Moderate Buy” and an average target price of $108.19.
TransUnion Company 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.
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