TransUnion (TRU) Stake Lifted by TD Asset Management Inc.

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TD Asset Management Inc. lifted its holdings in shares of TransUnion (NYSE:TRU) by 11.0% in the 1st quarter, HoldingsChannel reports. The firm owned 202,271 shares of the business services provider’s stock after acquiring an additional 20,040 shares during the period. TD Asset Management Inc.’s holdings in TransUnion were worth $13,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Advisors LLC boosted its stake in TransUnion by 8.2% in the 3rd quarter. Teachers Advisors LLC now owns 379,011 shares of the business services provider’s stock worth $27,888,000 after purchasing an additional 28,689 shares during the period. Legal & General Group Plc boosted its stake in TransUnion by 195.2% in the 3rd quarter. Legal & General Group Plc now owns 722,932 shares of the business services provider’s stock worth $53,193,000 after purchasing an additional 478,001 shares during the period. Vanguard Group Inc boosted its stake in TransUnion by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 15,801,372 shares of the business services provider’s stock worth $1,162,665,000 after purchasing an additional 116,055 shares during the period. IFM Investors Pty Ltd boosted its stake in TransUnion by 12.7% in the 4th quarter. IFM Investors Pty Ltd now owns 11,182 shares of the business services provider’s stock worth $635,000 after purchasing an additional 1,262 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in TransUnion by 3.7% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,230 shares of the business services provider’s stock worth $637,000 after purchasing an additional 405 shares during the period.

A number of research firms recently commented on TRU. Deutsche Bank raised their price objective on shares of TransUnion from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of TransUnion from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Barclays reiterated a “buy” rating and issued a $80.00 target price on shares of TransUnion in a research report on Sunday, May 5th. Exane BNP Paribas started coverage on shares of TransUnion in a research report on Friday, March 15th. They issued a “neutral” rating and a $66.00 target price for the company. Finally, BNP Paribas started coverage on shares of TransUnion in a research report on Friday, March 15th. They issued a “neutral” rating and a $66.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. TransUnion presently has a consensus rating of “Buy” and a consensus target price of $75.40.

TRU stock opened at $65.37 on Monday. TransUnion has a 12-month low of $52.15 and a 12-month high of $79.48. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.95 and a beta of 0.94.

TransUnion (NYSE:TRU) last released its earnings results on Tuesday, April 23rd. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. TransUnion had a net margin of 11.43% and a return on equity of 22.63%. The company had revenue of $623.50 million during the quarter, compared to the consensus estimate of $618.38 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts expect that TransUnion will post 2.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.46%. TransUnion’s dividend payout ratio is currently 12.99%.

In other news, CEO James M. Peck sold 131,661 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.65, for a total transaction of $8,511,883.65. Following the transaction, the chief executive officer now owns 203,582 shares in the company, valued at approximately $13,161,576.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John T. Danaher sold 4,318 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.54, for a total transaction of $283,001.72. Following the transaction, the executive vice president now owns 69,491 shares in the company, valued at approximately $4,554,440.14. The disclosure for this sale can be found here. Insiders have sold a total of 378,511 shares of company stock worth $25,042,932 in the last 90 days. 0.92% of the stock is owned by insiders.

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TransUnion 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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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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