Mitsubishi UFJ Trust & Banking Corp lessened its stake in TransUnion (NYSE:TRU – Free Report) by 3.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 93,526 shares of the business services provider’s stock after selling 3,333 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TransUnion were worth $8,230,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of TransUnion by 1,318.2% in the first quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock worth $26,000 after acquiring an additional 290 shares during the period. Generali Asset Management SPA SGR bought a new position in TransUnion during the 2nd quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in TransUnion by 132.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 349 shares of the business services provider’s stock worth $31,000 after purchasing an additional 199 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of TransUnion by 301.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the business services provider’s stock worth $36,000 after purchasing an additional 310 shares during the period. Finally, S Bank Fund Management Ltd bought a new stake in shares of TransUnion in the 1st quarter valued at $44,000.
TransUnion Price Performance
Shares of NYSE TRU opened at $81.00 on Monday. The firm has a market capitalization of $15.73 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.81 and a beta of 1.71. The firm’s 50-day moving average price is $83.23 and its 200-day moving average price is $87.07. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.10. TransUnion has a 1-year low of $66.38 and a 1-year high of $103.49.
TransUnion Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, November 21st. This represents a $0.46 annualized dividend and a dividend yield of 0.6%. TransUnion’s payout ratio is currently 21.50%.
Analyst Ratings Changes
TRU has been the subject of several recent analyst reports. Wall Street Zen cut shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. The Goldman Sachs Group increased their price target on TransUnion from $78.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Oppenheimer started coverage on TransUnion in a research note on Monday, October 13th. They issued an “outperform” rating and a $93.00 price objective on the stock. Seaport Res Ptn upgraded TransUnion to a “hold” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their target price on TransUnion from $118.00 to $107.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TransUnion has an average rating of “Moderate Buy” and an average price target of $104.08.
Check Out Our Latest Stock Report on TRU
Insider Transactions at TransUnion
In related news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $80.47, for a total value of $80,470.00. Following the transaction, the insider directly owned 63,592 shares in the company, valued at $5,117,248.24. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Heather J. Russell sold 5,337 shares of TransUnion stock in a transaction on Friday, September 5th. The shares were sold at an average price of $90.01, for a total transaction of $480,383.37. Following the completion of the sale, the executive vice president directly owned 23,011 shares of the company’s stock, valued at approximately $2,071,220.11. The trade was a 18.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,337 shares of company stock valued at $818,810 over the last ninety days. 0.25% of the stock is owned by company insiders.
TransUnion 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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