Allianz Asset Management GmbH Trims Stake in Equifax, Inc. (EFX)
Allianz Asset Management GmbH trimmed its position in Equifax, Inc. (NYSE:EFX) by 70.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,212 shares of the credit services provider’s stock after selling 246,180 shares during the quarter. Allianz Asset Management GmbH owned about 0.09% of Equifax worth $11,151,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Equifax by 3.2% in the second quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock worth $1,621,809,000 after purchasing an additional 368,255 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Equifax by 7.0% in the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after purchasing an additional 653,096 shares during the last quarter. FMR LLC increased its holdings in shares of Equifax by 5.8% in the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after purchasing an additional 329,481 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Equifax by 11,042.5% in the second quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock worth $237,735,000 after purchasing an additional 1,714,466 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Equifax by 0.7% in the second quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock worth $231,339,000 after purchasing an additional 11,216 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on EFX shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Equifax in a report on Friday, September 8th. SunTrust Banks lifted their target price on Equifax from $110.00 to $155.00 in a report on Friday, September 15th. Morgan Stanley lifted their target price on Equifax from $127.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 14th. Evercore ISI reissued a “buy” rating and set a $174.00 price objective on shares of Equifax in a research note on Saturday, September 9th. Finally, Wells Fargo & Company raised Equifax from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $135.00 to $127.00 in a research note on Friday, September 22nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $128.93.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.04. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The company had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $847.28 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. equities analysts predict that Equifax, Inc. will post 5.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.31%. Equifax’s dividend payout ratio is 35.29%.
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Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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