Equifax, Inc. (NYSE:EFX – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 22nd will be paid a dividend of 0.56 per share by the credit services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, May 22nd.
Equifax has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Equifax has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equifax to earn $10.29 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 21.8%.
Equifax Price Performance
NYSE EFX opened at $175.56 on Friday. The company has a market cap of $20.90 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $185.50 and its two-hundred day simple moving average is $201.92. Equifax has a 52 week low of $166.02 and a 52 week high of $281.03.
Insider Activity
In related news, EVP Jamil Farshchi sold 6,213 shares of Equifax stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $195.81, for a total transaction of $1,216,567.53. Following the completion of the sale, the executive vice president owned 41,036 shares of the company’s stock, valued at approximately $8,035,259.16. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Gamble, Jr. sold 4,500 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $195.72, for a total value of $880,740.00. Following the transaction, the executive vice president owned 58,921 shares of the company’s stock, valued at approximately $11,532,018.12. The trade was a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 87,462 shares of company stock worth $16,475,349 in the last three months. Corporate insiders own 1.70% of the company’s stock.
Institutional Trading of Equifax
A number of large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Equifax in the fourth quarter worth approximately $275,635,000. Massachusetts Financial Services Co. MA grew its stake in Equifax by 35.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,344,531 shares of the credit services provider’s stock worth $942,676,000 after buying an additional 1,145,921 shares in the last quarter. Brown Advisory Inc. grew its stake in Equifax by 57.2% in the 4th quarter. Brown Advisory Inc. now owns 2,809,879 shares of the credit services provider’s stock worth $609,693,000 after buying an additional 1,022,819 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Equifax by 105.5% in the 4th quarter. Van ECK Associates Corp now owns 1,603,415 shares of the credit services provider’s stock worth $347,909,000 after buying an additional 823,116 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Equifax by 91.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,464,135 shares of the credit services provider’s stock valued at $317,688,000 after buying an additional 697,403 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.
About Equifax
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.
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