Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of TransUnion (NYSE:TRU – Free Report) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,467 shares of the business services provider’s stock after acquiring an additional 16,134 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of TransUnion worth $14,737,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TRU. Wellington Management Group LLP increased its holdings in TransUnion by 61.2% during the first quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider’s stock valued at $902,761,000 after buying an additional 4,128,104 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of TransUnion by 41.7% during the 2nd quarter. William Blair Investment Management LLC now owns 4,739,103 shares of the business services provider’s stock valued at $417,041,000 after acquiring an additional 1,394,813 shares during the period. Nuveen LLC purchased a new stake in shares of TransUnion in the 1st quarter worth $55,607,000. Spear Holdings RSC Ltd purchased a new stake in shares of TransUnion in the 2nd quarter worth $46,128,000. Finally, CCLA Investment Management raised its holdings in TransUnion by 39.1% in the 2nd quarter. CCLA Investment Management now owns 1,654,363 shares of the business services provider’s stock worth $145,517,000 after purchasing an additional 464,634 shares during the period.
TransUnion Trading Down 0.7%
Shares of TRU opened at $82.34 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.01 and a quick ratio of 2.01. TransUnion has a 1 year low of $66.38 and a 1 year high of $105.05. The company has a 50 day simple moving average of $83.55 and a two-hundred day simple moving average of $87.05. The firm has a market cap of $15.99 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71.
TransUnion Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 21st. TransUnion’s dividend payout ratio is 21.50%.
Wall Street Analysts Forecast Growth
TRU has been the subject of several recent research reports. BMO Capital Markets boosted their price target on TransUnion from $104.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TransUnion in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on TransUnion from $124.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, July 25th. Robert W. Baird set a $125.00 target price on shares of TransUnion in a report on Friday, October 24th. Finally, Seaport Res Ptn upgraded shares of TransUnion to a “hold” rating in a research note on Wednesday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.08.
View Our Latest Stock Report on TransUnion
Insider Activity
In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $80.47, for a total transaction of $80,470.00. Following the completion of the transaction, the insider owned 63,592 shares in the company, valued at $5,117,248.24. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer A. Williams sold 755 shares of TransUnion stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $88.46, for a total value of $66,787.30. Following the completion of the sale, the chief accounting officer directly owned 5,691 shares in the company, valued at approximately $503,425.86. The trade was a 11.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,337 shares of company stock worth $818,810 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.
TransUnion Company Profile
TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses 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 mitigate fraud risk.
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