Peapack Gladstone Financial Corp Has $323,000 Position in Equifax, Inc. (EFX)
Peapack Gladstone Financial Corp continued to hold its stake in shares of Equifax, Inc. (NYSE:EFX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,350 shares of the credit services provider’s stock at the end of the second quarter. Peapack Gladstone Financial Corp’s holdings in Equifax were worth $323,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its position in Equifax by 5.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares during the period. Sun Life Financial INC lifted its position in Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares during the period. IFP Advisors Inc lifted its position in Equifax by 24.6% in the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 183 shares during the period. SNS Financial Group LLC bought a new position in Equifax in the second quarter worth $200,000. Finally, Park Avenue Securities LLC bought a new position in Equifax in the second quarter worth $201,000. 90.00% of the stock is owned by hedge funds and other institutional investors.
EFX has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $141.00 target price on shares of Equifax in a research report on Tuesday, September 12th. Royal Bank Of Canada reduced their target price on Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a research report on Tuesday, September 19th. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 target price (down from $174.00) on shares of Equifax in a research report on Saturday, September 16th. Morgan Stanley reduced their target price on Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. raised their target price on Equifax from $110.00 to $155.00 in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $130.27.
Shares of Equifax, Inc. (NYSE:EFX) traded down 1.44% during mid-day trading on Friday, hitting $111.34. The stock had a trading volume of 2,929,581 shares. The company has a market capitalization of $13.40 billion, a P/E ratio of 23.58 and a beta of 0.87. The stock’s 50-day moving average price is $119.71 and its 200 day moving average price is $133.98. Equifax, Inc. has a 1-year low of $89.59 and a 1-year high of $147.02.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The business had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same period in the prior year, the company earned $1.43 EPS. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Equifax, Inc. will post $5.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.40%. Equifax’s dividend payout ratio is currently 33.05%.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now directly owns 42,723 shares in the company, valued at approximately $6,238,412.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total value of $250,458.30. Following the sale, the insider now owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is owned by corporate insiders.
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Equifax Company Profile
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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