Wells Fargo & Company MN Lowers Holdings in Equifax, Inc. (EFX)
Wells Fargo & Company MN decreased its position in shares of Equifax, Inc. (NYSE:EFX) by 59.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,575 shares of the credit services provider’s stock after selling 283,349 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Equifax worth $20,834,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. 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 buying an additional 1,714,466 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Equifax in the third quarter worth about $90,020,000. 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 buying an additional 653,096 shares during the period. Artemis Investment Management LLP increased its holdings in shares of Equifax by 478.6% in the third quarter. Artemis Investment Management LLP now owns 703,006 shares of the credit services provider’s stock worth $74,505,000 after buying an additional 581,509 shares during the period. Finally, 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 buying an additional 368,255 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.
Shares of Equifax, Inc. (NYSE EFX) opened at $118.33 on Tuesday. 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 stock has a market capitalization of $14,350.69, a PE ratio of 19.95, a P/E/G ratio of 2.01 and a beta of 0.94. Equifax, Inc. has a 12 month low of $89.59 and a 12 month high of $147.02.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.39 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.32%. Equifax’s payout ratio is presently 35.29%.
EFX has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $141.00 price objective on shares of Equifax in a report on Tuesday, September 12th. Royal Bank of Canada decreased their price objective on Equifax from $154.00 to $113.00 and set an “outperform” rating on the stock in a report on Tuesday, September 19th. Evercore ISI reiterated an “outperform” rating and issued a $110.00 price objective (down previously from $174.00) on shares of Equifax in a report on Saturday, September 16th. SunTrust Banks lifted their price objective on Equifax from $110.00 to $155.00 in a report on Friday, September 15th. Finally, Morgan Stanley decreased their price objective on Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, September 8th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $128.93.
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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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