TransUnion Plans Quarterly Dividend of $0.11 (NYSE:TRU)

TransUnion (NYSE:TRU - Get Free Report) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.105 per share by the business services provider on Monday, June 3rd. This represents a $0.42 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 16th.

TransUnion has increased its dividend by an average of 11.9% annually over the last three years. TransUnion has a payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings. Analysts expect TransUnion to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 10.6%.

TransUnion Stock Performance

NYSE TRU traded up $2.38 during trading hours on Friday, hitting $77.07. The company had a trading volume of 1,591,869 shares, compared to its average volume of 2,074,153. The business has a 50 day moving average of $76.27 and a 200-day moving average of $68.11. The company has a market cap of $14.97 billion, a PE ratio of -53.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.61. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.65 and a current ratio of 1.65.

TransUnion (NYSE:TRU - Get Free Report) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $977.62 million. TransUnion had a positive return on equity of 14.26% and a negative net margin of 7.02%. As a group, equities research analysts expect that TransUnion will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

TRU has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Evercore ISI increased their target price on shares of TransUnion from $70.00 to $80.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. Oppenheimer boosted their price target on TransUnion from $81.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. Bank of America raised TransUnion from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Finally, Truist Financial boosted their target price on TransUnion from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.60.

Insider Activity

In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the transaction, the executive vice president now directly owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the transaction, the executive vice president now directly owns 54,522 shares of the company's stock, valued at $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the sale, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. Insiders sold 15,275 shares of company stock worth $1,204,538 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.