Spear Holdings RSC Ltd cut its stake in shares of TransUnion (NYSE:TRU – Free Report) by 57.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 607,934 shares of the business services provider’s stock after selling 836,775 shares during the period. TransUnion comprises 9.2% of Spear Holdings RSC Ltd’s portfolio, making the stock its 6th biggest holding. Spear Holdings RSC Ltd’s holdings in TransUnion were worth $52,130,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its position in shares of TransUnion by 62.2% during the 3rd quarter. State Street Corp now owns 6,781,771 shares of the business services provider’s stock valued at $568,177,000 after purchasing an additional 2,600,425 shares in the last quarter. Invesco Ltd. grew its position in shares of TransUnion by 355.9% during the 3rd quarter. Invesco Ltd. now owns 2,637,776 shares of the business services provider’s stock valued at $220,993,000 after purchasing an additional 2,059,177 shares in the last quarter. Egerton Capital UK LLP purchased a new position in shares of TransUnion during the 3rd quarter valued at $122,742,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of TransUnion during the 3rd quarter valued at $109,156,000. Finally, Amundi grew its position in shares of TransUnion by 275.3% during the 3rd quarter. Amundi now owns 1,212,850 shares of the business services provider’s stock valued at $92,941,000 after purchasing an additional 889,644 shares in the last quarter.
TransUnion Stock Up 0.3%
Shares of TRU opened at $66.39 on Friday. TransUnion has a 1 year low of $65.24 and a 1 year high of $99.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a 50 day simple moving average of $71.27 and a two-hundred day simple moving average of $77.81. The firm has a market cap of $12.80 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.16 and a beta of 1.57.
TransUnion Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. TransUnion’s dividend payout ratio (DPR) is currently 13.85%.
Insider Buying and Selling at TransUnion
In other TransUnion news, EVP Heather J. Russell sold 4,067 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $77.37, for a total transaction of $314,663.79. Following the completion of the sale, the executive vice president directly owned 41,063 shares in the company, valued at $3,177,044.31. This represents a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Todd C. Skinner sold 500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $71.93, for a total transaction of $35,965.00. Following the sale, the insider owned 55,263 shares of the company’s stock, valued at approximately $3,975,067.59. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,729 shares of company stock worth $1,387,839 in the last quarter. 0.37% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently commented on TRU. Wall Street Zen lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. The Goldman Sachs Group cut their price objective on TransUnion from $92.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $111.00 price objective on shares of TransUnion in a research report on Friday, February 13th. BMO Capital Markets upgraded shares of TransUnion to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Mizuho assumed coverage on shares of TransUnion in a research report on Thursday, April 16th. They issued a “neutral” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $91.47.
Read Our Latest Research Report on TransUnion
TransUnion Company Profile
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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