Bank of New York Mellon Corp Grows Stake in TransUnion (NYSE:TRU)

Bank of New York Mellon Corp grew its stake in shares of TransUnion (NYSE:TRU - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,167,843 shares of the business services provider's stock after buying an additional 15,030 shares during the period. Bank of New York Mellon Corp owned 0.60% of TransUnion worth $96,919,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. IFM Investors Pty Ltd lifted its holdings in TransUnion by 5.9% during the first quarter. IFM Investors Pty Ltd now owns 43,589 shares of the business services provider's stock valued at $3,617,000 after purchasing an additional 2,427 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of TransUnion during the 1st quarter valued at $2,364,000. Cannon Global Investment Management LLC purchased a new position in shares of TransUnion during the 1st quarter valued at $241,000. Private Trust Co. NA boosted its holdings in TransUnion by 194.1% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the business services provider's stock worth $46,000 after buying an additional 365 shares during the period. Finally, Wilson Asset Management International PTY Ltd. increased its stake in TransUnion by 3.0% in the 1st quarter. Wilson Asset Management International PTY Ltd. now owns 227,058 shares of the business services provider's stock worth $18,844,000 after buying an additional 6,515 shares in the last quarter.

TransUnion Trading Up 1.7%

NYSE TRU traded up $1.55 during trading hours on Thursday, hitting $95.07. 2,085,609 shares of the company were exchanged, compared to its average volume of 1,808,709. The stock has a market cap of $18.55 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.63. TransUnion has a 52 week low of $66.38 and a 52 week high of $113.17. The stock has a 50-day moving average price of $87.37 and a 200 day moving average price of $87.74. 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 posted 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. 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 analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. Analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, May 22nd. TransUnion's payout ratio is currently 24.47%.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $6,482,606.02. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock worth $255,010 in the last ninety days. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets started coverage on TransUnion in a research note on Wednesday. They issued an "outperform" rating and a $115.00 price objective for the company. Stifel Nicolaus dropped their price target on TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Bank of America initiated coverage on shares of TransUnion in a research report on Thursday, April 10th. They set an "underperform" rating and a $84.00 price objective on the stock. Wall Street Zen raised shares of TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, William Blair reiterated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.64.

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.