Bank of America Corp DE Buys Shares of 1,562,895 TransUnion $TRU

Key Points

• Bank of America acquired 1,562,895 TransUnion shares worth approximately $112.7 million, giving it a 0.82% stake in the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $94.38. TransUnion also exceeded quarterly expectations, reporting $1.23 in EPS and $1.31 billion in revenue, up 14.9% year over year.
• TransUnion shares opened at $72.52, below the 50-day average of $79.87, while insiders sold 73,697 shares worth $5.86 million over the past three months. The company declared a quarterly dividend of $0.125, yielding approximately 0.7% annually.

Bank of America Corp DE bought a new position in TransUnion (NYSE:TRU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,562,895 shares of the business services provider's stock, valued at approximately $112,747,000. Bank of America Corp DE owned about 0.82% of TransUnion at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. raised its position in shares of TransUnion by 18.6% in the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 292,452 shares of the business services provider's stock valued at $25,078,000 after purchasing an additional 45,840 shares during the period. BNP Paribas Financial Markets grew its stake in TransUnion by 280.6% in the 4th quarter. BNP Paribas Financial Markets now owns 269,550 shares of the business services provider's stock valued at $23,114,000 after buying an additional 198,726 shares during the last quarter. Norges Bank acquired a new position in TransUnion in the 4th quarter valued at $89,069,000. Diamond Hill Capital Management Inc. raised its holdings in TransUnion by 14.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 392,270 shares of the business services provider's stock worth $33,637,000 after acquiring an additional 50,327 shares during the period. Finally, Vestcor Inc raised its holdings in TransUnion by 664.0% in the 4th quarter. Vestcor Inc now owns 28,765 shares of the business services provider's stock worth $2,467,000 after acquiring an additional 25,000 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane raised TransUnion from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 28th. Griffin Securities set a $98.00 price target on TransUnion in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $82.00 price objective on shares of TransUnion in a research report on Tuesday, July 28th. Mizuho dropped their target price on shares of TransUnion from $88.00 to $77.00 and set a "neutral" rating on the stock in a research report on Thursday, July 2nd. Finally, UBS Group upped their target price on shares of TransUnion from $72.00 to $77.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.38.

Insiders Place Their Bets

In other news, EVP Mohamed Abdelsadek sold 23,495 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $85.00, for a total value of $1,997,075.00. Following the transaction, the executive vice president directly owned 57,182 shares in the company, valued at $4,860,470. This trade represents a 29.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Venkat Achanta sold 23,287 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $77.00, for a total value of $1,793,099.00. Following the completion of the sale, the executive vice president owned 196,912 shares of the company's stock, valued at $15,162,224. This represents a 10.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,697 shares of company stock worth $5,861,807 over the last three months. Insiders own 0.37% of the company's stock.

TransUnion Trading Down 0.8%

Shares of TRU opened at $72.52 on Friday. The stock's fifty day simple moving average is $79.87 and its 200-day simple moving average is $74.23. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $13.90 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. TransUnion has a 12-month low of $63.37 and a 12-month high of $94.23.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TransUnion had a net margin of 15.08% and a return on equity of 16.29%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $1.08 EPS. The company's revenue was up 14.9% compared to the same quarter last year. TransUnion has set its Q3 2026 guidance at 1.180-1.210 EPS and its FY 2026 guidance at 4.750-4.830 EPS. As a group, research analysts predict that TransUnion will post 4.24 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. TransUnion's dividend payout ratio is 13.19%.

About TransUnion

TransUnion NYSE: TRU is a global information and insights company that helps businesses and consumers make more informed decisions. Its services use credit, identity, and other data to support lending, insurance, telecommunications, retail, employment, and other commercial activities.

The company provides credit reporting and risk-management solutions, including consumer credit information, scoring, decisioning tools, fraud detection, identity verification, and analytics. TransUnion also offers marketing and audience-insights products designed to help organizations understand and reach consumers, as well as consumer-facing services that provide access to credit information, monitoring, and identity-protection tools.

TransUnion traces its origins to 1968, when it was established as a holding company for a railroad-leasing business before developing into a consumer credit reporting organization.

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