M&T Bank Corp Purchases 4,678 Shares of TransUnion (NYSE:TRU)

M&T Bank Corp raised its position in shares of TransUnion (NYSE:TRU - Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,015 shares of the business services provider's stock after purchasing an additional 4,678 shares during the quarter. M&T Bank Corp's holdings in TransUnion were worth $2,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ninety One SA PTY Ltd bought a new stake in TransUnion during the 1st quarter valued at about $327,000. TD Private Client Wealth LLC grew its stake in shares of TransUnion by 4.1% in the first quarter. TD Private Client Wealth LLC now owns 11,887 shares of the business services provider's stock worth $987,000 after acquiring an additional 466 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of TransUnion by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 494,349 shares of the business services provider's stock worth $41,026,000 after acquiring an additional 23,979 shares during the period. Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of TransUnion by 17.1% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 224,032 shares of the business services provider's stock worth $18,592,000 after acquiring an additional 32,668 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of TransUnion by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,167,843 shares of the business services provider's stock worth $96,919,000 after acquiring an additional 15,030 shares during the period.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the transaction, the insider owned 74,393 shares of the company's stock, valued at $6,482,606.02. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $255,010 over the last quarter. 0.22% of the stock is owned by insiders.

TransUnion Price Performance

Shares of NYSE:TRU opened at $91.18 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.05 and a quick ratio of 2.05. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The company has a market capitalization of $17.79 billion, a P/E ratio of 48.50, a P/E/G ratio of 2.62 and a beta of 1.63. The firm's 50 day simple moving average is $87.71 and its two-hundred day simple moving average is $87.71.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.07. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, May 22nd. TransUnion's dividend payout ratio is currently 24.47%.

Wall Street Analysts Forecast Growth

TRU has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of TransUnion to a "strong-buy" rating in a research note on Thursday. Oppenheimer set a $108.00 price target on shares of TransUnion and gave the stock an "outperform" rating in a research note on Tuesday. Barclays reduced their price target on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Stifel Nicolaus reduced their price target on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded shares of TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.64.

TransUnion Company Profile

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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