Shell Asset Management Co. Raises Position in TransUnion (TRU)
Shell Asset Management Co. boosted its stake in TransUnion (NYSE:TRU) by 26.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,717 shares of the business services provider’s stock after buying an additional 2,647 shares during the quarter. Shell Asset Management Co.’s holdings in TransUnion were worth $936,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of TransUnion during the 2nd quarter valued at $2,515,000. Daiwa Securities Group Inc. raised its stake in shares of TransUnion by 14.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,415 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 815 shares during the period. Aperio Group LLC raised its stake in shares of TransUnion by 37.8% during the 2nd quarter. Aperio Group LLC now owns 25,026 shares of the business services provider’s stock valued at $1,793,000 after purchasing an additional 6,871 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of TransUnion by 156.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,568 shares of the business services provider’s stock valued at $1,545,000 after purchasing an additional 13,158 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of TransUnion by 3.5% during the 2nd quarter. TD Asset Management Inc. now owns 188,282 shares of the business services provider’s stock valued at $13,489,000 after purchasing an additional 6,398 shares during the period. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Timothy Elberfeld sold 1,592 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $66.14, for a total value of $105,294.88. Following the completion of the transaction, the chief accounting officer now directly owns 12,566 shares in the company, valued at approximately $831,115.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Peck sold 141,428 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $62.04, for a total value of $8,774,193.12. Following the completion of the transaction, the insider now owns 381,627 shares of the company’s stock, valued at $23,676,139.08. The disclosure for this sale can be found here. Insiders sold a total of 147,339 shares of company stock valued at $9,153,788 over the last quarter. Company insiders own 2.10% of the company’s stock.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. TransUnion had a return on equity of 21.22% and a net margin of 18.98%. The business had revenue of $603.60 million for the quarter, compared to analyst estimates of $617.92 million. During the same period in the prior year, the company earned $0.49 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. Research analysts forecast that TransUnion will post 2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Wednesday, November 21st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, November 20th. TransUnion’s payout ratio is currently 17.54%.
A number of equities analysts have weighed in on the company. ValuEngine lowered TransUnion from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Morgan Stanley set a $72.00 target price on TransUnion and gave the stock a “hold” rating in a research note on Monday, October 15th. Atlantic Securities upgraded TransUnion from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research note on Wednesday, October 24th. JPMorgan Chase & Co. decreased their target price on TransUnion from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. Finally, Bank of America assumed coverage on TransUnion in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $78.54.
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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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