Sheaff Brock Investment Advisors LLC Trims Holdings in TransUnion (TRU)
Sheaff Brock Investment Advisors LLC cut its holdings in shares of TransUnion (NYSE:TRU) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,927 shares of the business services provider’s stock after selling 1,362 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in TransUnion were worth $1,098,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $106,000. Massey Quick Simon & CO. LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $139,000. Redpoint Investment Management Pty Ltd acquired a new stake in TransUnion during the 3rd quarter worth approximately $205,000. Gabelli Funds LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $215,000. Finally, Signition LP acquired a new stake in TransUnion during the 2nd quarter worth approximately $238,000. Institutional investors own 99.17% of the company’s stock.
In related news, CAO Timothy Elberfeld sold 1,592 shares of TransUnion stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $66.14, for a total transaction of $105,294.88. Following the sale, the chief accounting officer now directly owns 12,566 shares in the company, valued at approximately $831,115.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Peck sold 141,428 shares of TransUnion stock in a transaction on Friday, October 26th. The stock was sold at an average price of $62.04, for a total transaction of $8,774,193.12. Following the sale, the insider now owns 381,627 shares in the company, valued at $23,676,139.08. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. TransUnion had a net margin of 18.98% and a return on equity of 21.22%. The business had revenue of $603.60 million for the quarter, compared to analyst estimates of $617.92 million. During the same period last year, the business earned $0.49 EPS. The company’s revenue was up 21.2% on a year-over-year basis. Equities analysts expect that TransUnion will post 2.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $0.30 annualized dividend and a yield of 0.48%. TransUnion’s dividend payout ratio is currently 17.54%.
TRU has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of TransUnion in a report on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of TransUnion from $74.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Morgan Stanley raised their price objective on shares of TransUnion from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of TransUnion from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $78.54.
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TransUnion Company Profile
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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