Bank of New York Mellon Corp decreased its position in TransUnion (NYSE:TRU – Free Report) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,095,766 shares of the business services provider’s stock after selling 72,077 shares during the period. Bank of New York Mellon Corp owned about 0.56% of TransUnion worth $96,427,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in TRU. Massachusetts Financial Services Co. MA boosted its position in TransUnion by 10.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider’s stock valued at $1,798,765,000 after buying an additional 2,134,342 shares during the period. Vanguard Group Inc. raised its stake in shares of TransUnion by 1.1% during the first quarter. Vanguard Group Inc. now owns 18,264,902 shares of the business services provider’s stock valued at $1,515,804,000 after acquiring an additional 198,245 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of TransUnion by 61.2% during the first quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider’s stock valued at $902,761,000 after acquiring an additional 4,128,104 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of TransUnion by 41.7% during the second quarter. William Blair Investment Management LLC now owns 4,739,103 shares of the business services provider’s stock worth $417,041,000 after purchasing an additional 1,394,813 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of TransUnion by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,411,925 shares of the business services provider’s stock worth $283,156,000 after purchasing an additional 28,996 shares during the last quarter.
TransUnion Price Performance
Shares of TRU stock opened at $80.44 on Friday. The business’s fifty day moving average is $83.86 and its 200 day moving average is $86.94. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.10. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 1.76 and a beta of 1.71. TransUnion has a twelve month low of $66.38 and a twelve month high of $108.12.
TransUnion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Friday, November 21st will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.46 annualized dividend and a yield of 0.6%. TransUnion’s payout ratio is presently 21.50%.
Insiders Place Their Bets
In other TransUnion news, EVP Heather J. Russell sold 5,337 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $90.01, for a total transaction of $480,383.37. Following the completion of the transaction, the executive vice president owned 23,011 shares of the company’s stock, valued at approximately $2,071,220.11. This trade represents a 18.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $80.47, for a total value of $80,470.00. Following the completion of the sale, the insider directly owned 63,592 shares in the company, valued at approximately $5,117,248.24. This represents a 1.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,337 shares of company stock worth $818,810. 0.22% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price target on shares of TransUnion in a research report on Monday, October 20th. BMO Capital Markets upped their target price on TransUnion from $104.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, October 24th. UBS Group set a $90.00 price target on TransUnion and gave the stock a “neutral” rating in a research note on Friday, October 24th. Robert W. Baird set a $125.00 price objective on shares of TransUnion in a research report on Friday, October 24th. Finally, Stifel Nicolaus set a $103.00 price objective on shares of TransUnion in a report on Friday, October 24th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.08.
View Our Latest Research Report on TransUnion
About TransUnion
TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses 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 mitigate fraud risk.
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