TT International Asset Management LTD Acquires 3,002 Shares of TransUnion (NYSE:TRU)

TT International Asset Management LTD lifted its stake in shares of TransUnion (NYSE:TRU - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,796 shares of the business services provider's stock after buying an additional 3,002 shares during the quarter. TransUnion comprises 0.7% of TT International Asset Management LTD's portfolio, making the stock its 21st largest position. TT International Asset Management LTD's holdings in TransUnion were worth $4,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of TRU. Principal Securities Inc. increased its position in shares of TransUnion by 62.6% during the fourth quarter. Principal Securities Inc. now owns 805 shares of the business services provider's stock valued at $75,000 after buying an additional 310 shares during the period. CIBC Asset Management Inc boosted its stake in TransUnion by 13.9% during the fourth quarter. CIBC Asset Management Inc now owns 7,815 shares of the business services provider's stock worth $725,000 after acquiring an additional 956 shares in the last quarter. Truist Financial Corp boosted its stake in TransUnion by 29.1% during the fourth quarter. Truist Financial Corp now owns 24,326 shares of the business services provider's stock worth $2,255,000 after acquiring an additional 5,479 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in TransUnion by 617.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,737 shares of the business services provider's stock worth $161,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in TransUnion during the fourth quarter worth about $51,000.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.96, for a total transaction of $82,960.00. Following the transaction, the insider now owns 76,393 shares in the company, valued at $6,337,563.28. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $251,180 over the last quarter. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on TRU. William Blair reissued an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Wells Fargo & Company dropped their price objective on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays dropped their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Stifel Nicolaus dropped their price objective on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Bank of America began coverage on shares of TransUnion in a research note on Thursday, April 10th. They set an "underperform" rating and a $84.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.69.

TransUnion Stock Up 0.5%

Shares of NYSE TRU traded up $0.39 during midday trading on Friday, hitting $85.22. The stock had a trading volume of 2,298,061 shares, compared to its average volume of 1,743,299. The company has a market cap of $16.63 billion, a P/E ratio of 45.33, a PEG ratio of 2.35 and a beta of 1.65. The business's 50 day moving average is $84.04 and its 200-day moving average is $88.28. TransUnion has a 52 week low of $66.38 and a 52 week high of $113.17. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.13.

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

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 22nd were given a dividend of $0.115 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.54%. TransUnion's dividend payout ratio (DPR) is 24.47%.

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.