Deutsche Bank AG purchased a new position in shares of TransUnion (NYSE:TRU – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 702,283 shares of the business services provider’s stock, valued at approximately $50,663,000.
A number of other institutional investors have also modified their holdings of TRU. Geneos Wealth Management Inc. lifted its holdings in shares of TransUnion by 1,318.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock valued at $26,000 after buying an additional 290 shares during the period. Cornerstone Planning Group LLC grew its holdings in TransUnion by 130.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 389 shares of the business services provider’s stock worth $32,000 after acquiring an additional 220 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in TransUnion during the third quarter worth about $36,000. Essential Partners LLC raised its position in TransUnion by 63.7% during the first quarter. Essential Partners LLC now owns 609 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in TransUnion in the second quarter valued at approximately $45,000.
TransUnion Stock Performance
NYSE TRU opened at $85.08 on Friday. The company has a market cap of $16.30 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.53. The stock’s 50 day simple moving average is $75.92 and its 200-day simple moving average is $73.23. TransUnion has a 1-year low of $63.37 and a 1-year high of $95.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90.
TransUnion Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. TransUnion’s dividend payout ratio is 13.19%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TRU shares. The Goldman Sachs Group restated a “neutral” rating and issued a $82.00 price objective on shares of TransUnion in a research report on Tuesday, July 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 target price on shares of TransUnion in a report on Wednesday, July 29th. Mizuho reduced their price objective on shares of TransUnion from $88.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on shares of TransUnion from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.38.
Check Out Our Latest Research Report on TRU
Insider Transactions at TransUnion
In other news, EVP Alicia Brooke Zuiker sold 8,673 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $78.49, for a total value of $680,743.77. Following the transaction, the executive vice president directly owned 41,883 shares of the company’s stock, valued at approximately $3,287,396.67. This trade represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Chaouki sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $72.64, for a total transaction of $726,400.00. Following the sale, the insider directly owned 89,906 shares of the company’s stock, valued at approximately $6,530,771.84. This represents a 10.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 58,773 shares of company stock valued at $4,615,228. Company insiders own 0.37% of the company’s stock.
TransUnion Profile
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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