TransUnion (TRU) to Issue Quarterly Dividend of $0.08
TransUnion (NYSE:TRU) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Investors of record on Wednesday, November 21st will be given a dividend of 0.075 per share by the business services provider on Thursday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, November 20th.
TransUnion has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect TransUnion to earn $2.63 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.4%.
TRU opened at $62.44 on Monday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.62 and a current ratio of 1.62. TransUnion has a fifty-two week low of $53.11 and a fifty-two week high of $79.48. The stock has a market cap of $11.57 billion, a P/E ratio of 36.51, a PEG ratio of 3.46 and a beta of 0.86.
A number of research analysts recently weighed in on the stock. Morgan Stanley reissued a “hold” rating and set a $75.00 price target (up from $71.00) on shares of TransUnion in a research report on Thursday, September 13th. Robert W. Baird lifted their price objective on shares of TransUnion from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Bank of America lifted their price objective on shares of TransUnion from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Wells Fargo & Co lifted their price objective on shares of TransUnion from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 25th. Finally, Stifel Nicolaus lifted their price objective on shares of TransUnion from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. TransUnion presently has a consensus rating of “Buy” and a consensus target price of $78.54.
In other news, insider James M. Peck sold 141,428 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $62.04, for a total value of $8,774,193.12. Following the sale, the insider now owns 381,627 shares of the company’s stock, valued at $23,676,139.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Timothy Elberfeld sold 1,592 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 12,566 shares in the company, valued at approximately $831,115.24. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.
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.
Further Reading: Fundamental Analysis
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