TransUnion (TRU) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. boosted its stake in shares of TransUnion (NYSE:TRU) by 2,441.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 872,324 shares of the business services provider’s stock after purchasing an additional 838,004 shares during the quarter. Principal Financial Group Inc. owned 0.48% of TransUnion worth $41,225,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TRU. Public Employees Retirement Association of Colorado raised its stake in TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 2,329 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TransUnion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 694 shares during the last quarter. SG Americas Securities LLC acquired a new position in TransUnion during the 2nd quarter valued at $212,000. Alpine Global Management LLC acquired a new position in TransUnion during the 2nd quarter valued at $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in TransUnion during the 2nd quarter valued at $230,000.
In related news, CFO Todd M. Cello sold 4,110 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.97, for a total transaction of $217,706.70. Following the completion of the sale, the chief financial officer now owns 21,963 shares in the company, valued at approximately $1,163,380.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James M. Peck sold 18,106 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $52.25, for a total transaction of $946,038.50. Following the sale, the chief executive officer now owns 202,343 shares of the company’s stock, valued at approximately $10,572,421.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,929,969 shares of company stock valued at $203,172,863. Corporate insiders own 2.10% of the company’s stock.
TransUnion (NYSE TRU) opened at $53.92 on Thursday. TransUnion has a one year low of $28.92 and a one year high of $55.00. The stock has a market cap of $9,934.69, a price-to-earnings ratio of 32.23, a PEG ratio of 3.19 and a beta of 0.62. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.51.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $475.52 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue was up 13.8% on a year-over-year basis. sell-side analysts forecast that TransUnion will post 1.71 earnings per share for the current year.
Several equities analysts recently commented on TRU shares. Royal Bank Of Canada reiterated a “buy” rating and set a $57.00 target price on shares of TransUnion in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, September 7th. Cowen and Company reiterated a “buy” rating and set a $48.00 target price on shares of TransUnion in a research note on Thursday, September 7th. SunTrust Banks, Inc. began coverage on shares of TransUnion in a research note on Tuesday, September 5th. They set a “buy” rating and a $54.00 target price for the company. Finally, Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.00.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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