Taikang Asset Management Hong Kong Co Ltd lowered its stake in TransUnion (NYSE:TRU – Free Report) by 68.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,223 shares of the business services provider’s stock after selling 9,326 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in TransUnion were worth $362,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TRU. Eagle Bay Advisors LLC bought a new position in TransUnion during the 4th quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new stake in TransUnion in the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its stake in shares of TransUnion by 1,318.2% during the first quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 290 shares during the period. True Wealth Design LLC boosted its stake in shares of TransUnion by 200.8% during the fourth quarter. True Wealth Design LLC now owns 367 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 245 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in shares of TransUnion by 130.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 389 shares of the business services provider’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter.
TransUnion Price Performance
Shares of TransUnion stock opened at $68.88 on Wednesday. The business has a 50 day moving average of $70.67 and a 200 day moving average of $75.94. TransUnion has a 52 week low of $64.51 and a 52 week high of $99.39. The company has a market cap of $13.28 billion, a PE ratio of 19.08, a P/E/G ratio of 1.19 and a beta of 1.56. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.10.
TransUnion Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, May 27th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.50 annualized dividend and a dividend yield of 0.7%. TransUnion’s dividend payout ratio is currently 13.85%.
Insider Activity at TransUnion
In related news, EVP Heather J. Russell sold 6,683 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $71.87, for a total transaction of $480,307.21. Following the sale, the executive vice president owned 45,248 shares of the company’s stock, valued at $3,251,973.76. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Todd C. Skinner sold 1,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $70.73, for a total value of $70,730.00. Following the completion of the sale, the insider directly owned 65,634 shares in the company, valued at $4,642,292.82. This trade represents a 1.50% decrease in their ownership of the stock. 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. Insiders sold a total of 25,666 shares of company stock valued at $1,843,542 in the last three months. Company insiders own 0.37% of the company’s stock.
Analysts Set New Price Targets
TRU has been the topic of several analyst reports. Robert W. Baird set a $108.00 price target on shares of TransUnion in a report on Wednesday, April 29th. Weiss Ratings lowered shares of TransUnion from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. 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 research report on Wednesday, April 29th. New Street Research set a $100.00 price objective on shares of TransUnion in a research note on Wednesday, March 11th. Finally, Bank of America dropped their target price on shares of TransUnion from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.47.
Check Out Our Latest Research Report on TRU
TransUnion Company 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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