Suntrust Banks Inc. Acquires 5,527 Shares of Equifax, Inc. (EFX)
Suntrust Banks Inc. increased its holdings in Equifax, Inc. (NYSE:EFX) by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,163 shares of the credit services provider’s stock after purchasing an additional 5,527 shares during the period. Suntrust Banks Inc.’s holdings in Equifax were worth $6,891,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EFX. BlackRock Inc. boosted its holdings in Equifax by 1,540.8% in the first quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock worth $1,269,041,000 after purchasing an additional 8,715,062 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock worth $178,454,000 after purchasing an additional 650,550 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Equifax by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock worth $1,563,429,000 after purchasing an additional 373,774 shares in the last quarter. FMR LLC boosted its holdings in 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 in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Equifax in the first quarter worth $39,675,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
A number of brokerages recently issued reports on EFX. Wells Fargo & Company upgraded shares of Equifax from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $135.00 to $127.00 in a report on Friday. SunTrust Banks, Inc. upped their price objective on shares of Equifax from $110.00 to $155.00 in a report on Friday, September 15th. Stephens reiterated a “hold” rating and issued a $110.00 price objective (down from $145.00) on shares of Equifax in a report on Thursday, September 14th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a report on Friday, September 8th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Equifax in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Equifax currently has a consensus rating of “Buy” and a consensus price target of $133.31.
In other Equifax news, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the completion of the sale, the insider now owns 43,648 shares in the company, valued at approximately $6,359,513.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated 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 owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is currently owned by corporate insiders.
Shares of Equifax, Inc. (NYSE EFX) traded up 6.91% on Friday, hitting $105.04. 12,473,475 shares of the stock were exchanged. Equifax, Inc. has a one year low of $89.59 and a one year high of $147.02. The company has a 50-day moving average price of $133.48 and a 200-day moving average price of $136.54. The firm has a market capitalization of $12.64 billion, a PE ratio of 22.25 and a beta of 0.93.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. The company had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. Equifax’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. Equities research analysts expect that Equifax, Inc. will post $6.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, August 23rd. Equifax’s dividend payout ratio is presently 33.05%.
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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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