Polar Asset Management Partners Inc. bought a new position in shares of TransUnion (NYSE:TRU – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 146,700 shares of the business services provider’s stock, valued at approximately $10,583,000.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in TransUnion by 85.3% in the first quarter. Royal Bank of Canada now owns 75,761 shares of the business services provider’s stock worth $6,288,000 after purchasing an additional 34,867 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in 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 purchasing an additional 290 shares during the period. Invesco Ltd. increased its position in shares of TransUnion by 4.5% during the 2nd quarter. Invesco Ltd. now owns 578,599 shares of the business services provider’s stock valued at $50,917,000 after purchasing an additional 24,736 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of TransUnion by 59.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 197 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of TransUnion by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 576,019 shares of the business services provider’s stock worth $50,690,000 after purchasing an additional 12,280 shares during the period.
TransUnion Stock Up 0.1%
Shares of NYSE TRU opened at $84.96 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $16.28 billion, a PE ratio of 22.42, a P/E/G ratio of 1.40 and a beta of 1.53. TransUnion has a one year low of $63.37 and a one year high of $95.50. The business’s fifty day moving average price is $76.96 and its 200-day moving average price is $73.52.
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 paid a $0.125 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. TransUnion’s dividend payout ratio (DPR) is presently 13.19%.
Insider Buying and Selling
In related news, EVP Alicia Brooke Zuiker sold 8,673 shares of TransUnion stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $78.49, for a total value of $680,743.77. Following the completion of the transaction, the executive vice president directly owned 41,883 shares in the company, valued at approximately $3,287,396.67. The trade was a 17.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd C. Skinner sold 950 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $79.96, for a total transaction of $75,962.00. Following the sale, the insider directly owned 63,849 shares in the company, valued at $5,105,366.04. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 58,773 shares of company stock valued at $4,615,228. Corporate insiders own 0.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $82.00 price target on shares of TransUnion in a report on Tuesday, July 28th. Bank of America decreased their price objective 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. Mizuho lowered their price objective on shares of TransUnion from $88.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. BNP Paribas Exane upgraded shares of TransUnion from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.38.
Get Our Latest Stock Report on TRU
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.
See Also
- Five stocks we like better than TransUnion
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding TRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransUnion (NYSE:TRU – Free Report).
Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.
