Nomura Asset Management Co. Ltd. Grows Stake in Equifax, Inc. (EFX)
Nomura Asset Management Co. Ltd. lifted its stake in shares of Equifax, Inc. (NYSE:EFX) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,837 shares of the credit services provider’s stock after acquiring an additional 1,522 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Equifax were worth $1,678,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EFX. YorkBridge Wealth Partners LLC boosted its stake in shares of Equifax by 5.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 37 shares in the last quarter. Sun Life Financial INC boosted its stake in shares of Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after acquiring an additional 875 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Equifax by 24.6% during the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after acquiring an additional 183 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Equifax during the 3rd quarter worth $134,000. Finally, ETF Managers Group LLC bought a new stake in shares of Equifax during the 2nd quarter worth $137,000. 95.45% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (NYSE EFX) opened at $118.19 on Friday. The stock has a market capitalization of $14,097.32, a price-to-earnings ratio of 19.60, a PEG ratio of 1.98 and a beta of 0.94. Equifax, Inc. has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.64.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.32%. Equifax’s dividend payout ratio is 35.29%.
EFX has been the subject of several research reports. J P Morgan Chase & Co reissued a “buy” rating on shares of Equifax in a research note on Friday, September 8th. SunTrust Banks raised their price objective on Equifax from $110.00 to $155.00 in a research note on Friday, September 15th. Morgan Stanley raised their price objective on Equifax from $127.00 to $140.00 and gave the stock an “equal weight” rating in a research note 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 upgraded Equifax from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $135.00 to $127.00 in a report on Friday, September 22nd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $128.93.
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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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