TD Asset Management Inc. Increases Holdings in TransUnion (NYSE:TRU)

TD Asset Management Inc. grew its holdings in TransUnion (NYSE:TRU) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,143 shares of the business services provider’s stock after acquiring an additional 13,872 shares during the period. TD Asset Management Inc.’s holdings in TransUnion were worth $15,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in shares of TransUnion in the second quarter worth about $54,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of TransUnion in the first quarter worth about $80,000. Rockefeller Capital Management L.P. purchased a new stake in shares of TransUnion in the first quarter worth about $122,000. Strs Ohio lifted its position in shares of TransUnion by 23.9% in the first quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock worth $156,000 after buying an additional 452 shares in the last quarter. Finally, Starr International Co. Inc. purchased a new stake in shares of TransUnion in the first quarter worth about $166,000.

TRU has been the topic of a number of research analyst reports. Barclays reiterated a “buy” rating and issued a $80.00 target price on shares of TransUnion in a research report on Sunday, May 5th. Atlantic Securities downgraded TransUnion from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley boosted their target price on TransUnion from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Monday, July 29th. Finally, SunTrust Banks reiterated a “positive” rating and issued a $90.00 target price on shares of TransUnion in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.42.



In other TransUnion news, CAO Timothy Elberfeld sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $187,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James M. Peck sold 103,331 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $84.10, for a total value of $8,690,137.10. Following the sale, the director now directly owns 245,345 shares in the company, valued at $20,633,514.50. The disclosure for this sale can be found here. Insiders have sold 249,215 shares of company stock worth $20,548,597 over the last three months. 0.92% of the stock is currently owned by insiders.

NYSE TRU traded up $1.44 during trading hours on Friday, hitting $82.27. 784,800 shares of the company were exchanged, compared to its average volume of 1,424,208. The stock has a 50-day moving average price of $78.48 and a 200 day moving average price of $69.59. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.82. TransUnion has a 52 week low of $52.15 and a 52 week high of $84.71. The stock has a market cap of $15.18 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. TransUnion had a return on equity of 22.94% and a net margin of 12.84%. The company had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $644.73 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that TransUnion will post 2.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.30 annualized dividend and a yield of 0.36%. TransUnion’s payout ratio is currently 12.99%.

TransUnion Profile

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.

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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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