TD Asset Management Inc Grows Stake in TransUnion (NYSE:TRU)

TD Asset Management Inc increased its position in TransUnion (NYSE:TRU - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 305,645 shares of the business services provider's stock after acquiring an additional 9,314 shares during the quarter. TD Asset Management Inc owned about 0.16% of TransUnion worth $25,365,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRU. Fifth Third Bancorp lifted its position in TransUnion by 105.3% in the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after buying an additional 217 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in TransUnion in the 4th quarter worth approximately $40,000. Huntington National Bank lifted its position in TransUnion by 58.7% in the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock worth $42,000 after buying an additional 168 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in TransUnion in the fourth quarter valued at approximately $47,000. Finally, Mizuho Bank Ltd. bought a new stake in TransUnion in the fourth quarter valued at approximately $47,000.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total value of $87,140.00. Following the sale, the insider directly owned 74,393 shares of the company's stock, valued at approximately $6,482,606.02. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRU shares. Bank of America started coverage on TransUnion in a research report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price objective for the company. Barclays lowered their price objective on TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. BMO Capital Markets boosted their price objective on TransUnion from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a research report on Friday, July 25th. Finally, UBS Group reissued a "neutral" rating and set a $105.00 target price (up from $98.00) on shares of TransUnion in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.46.

TransUnion Stock Down 3.3%

TRU stock traded down $3.18 during midday trading on Friday, hitting $92.01. The stock had a trading volume of 1,758,826 shares, compared to its average volume of 2,079,205. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 2.69 and a beta of 1.63. The business has a 50-day moving average of $89.57 and a two-hundred day moving average of $88.01. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.03 and a quick ratio of 2.02.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.09. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, May 22nd. TransUnion's dividend payout ratio is currently 23.00%.

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.