Corient Capital Partners LLC Cuts Stake in TransUnion (NYSE:TRU)

Corient Capital Partners LLC lessened its position in shares of TransUnion (NYSE:TRUGet Rating) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,910 shares of the business services provider’s stock after selling 609 shares during the period. Corient Capital Partners LLC’s holdings in TransUnion were worth $553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRU. Farallon Capital Management LLC grew its holdings in TransUnion by 121.9% during the 1st quarter. Farallon Capital Management LLC now owns 6,188,496 shares of the business services provider’s stock worth $639,519,000 after acquiring an additional 3,399,314 shares in the last quarter. Boston Partners acquired a new position in TransUnion during the 1st quarter worth approximately $167,521,000. Van ECK Associates Corp grew its holdings in TransUnion by 1,619.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,182,173 shares of the business services provider’s stock worth $94,562,000 after acquiring an additional 1,113,438 shares in the last quarter. BlueSpruce Investments LP grew its holdings in TransUnion by 49.1% during the 1st quarter. BlueSpruce Investments LP now owns 1,740,502 shares of the business services provider’s stock worth $179,863,000 after acquiring an additional 573,058 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in TransUnion by 585.8% during the 1st quarter. Bank of Nova Scotia now owns 388,521 shares of the business services provider’s stock worth $40,150,000 after acquiring an additional 331,871 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

TRU has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of TransUnion from $101.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, October 18th. Atlantic Securities dropped their target price on shares of TransUnion from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, September 22nd. Robert W. Baird dropped their target price on shares of TransUnion from $81.00 to $78.00 in a research report on Wednesday, October 26th. Wells Fargo & Company dropped their target price on shares of TransUnion from $86.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 26th. Finally, Barclays dropped their target price on shares of TransUnion from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 4th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.00.

TransUnion Trading Up 2.3 %

Shares of TransUnion stock opened at $61.45 on Thursday. TransUnion has a 1 year low of $50.32 and a 1 year high of $120.36. The company has a market capitalization of $11.84 billion, a P/E ratio of 9.57, a PEG ratio of 0.58 and a beta of 1.29. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.73 and a current ratio of 1.73. The company’s fifty day moving average is $59.57 and its two-hundred day moving average is $73.33.

TransUnion (NYSE:TRUGet Rating) last released its earnings results on Tuesday, October 25th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. TransUnion had a net margin of 34.48% and a return on equity of 15.58%. The company had revenue of $938.20 million during the quarter, compared to analysts’ expectations of $944.27 million. Analysts forecast that TransUnion will post 3.36 earnings per share for the current year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 17th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 16th. TransUnion’s dividend payout ratio (DPR) is presently 6.54%.

TransUnion Company Profile

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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to 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 mitigate fraud risk.

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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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