Citizens Financial Group Inc RI boosted its stake in shares of Equifax Inc. (NYSE:EFX) by 12.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 976 shares of the credit services provider’s stock after buying an additional 108 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Equifax were worth $117,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Equifax by 8.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,558,380 shares of the credit services provider’s stock valued at $1,479,440,000 after purchasing an additional 837,926 shares in the last quarter. State Street Corp lifted its position in Equifax by 1.2% during the fourth quarter. State Street Corp now owns 4,756,475 shares of the credit services provider’s stock valued at $666,477,000 after purchasing an additional 55,549 shares in the last quarter. Capital Research Global Investors lifted its position in Equifax by 14.3% during the fourth quarter. Capital Research Global Investors now owns 2,560,338 shares of the credit services provider’s stock valued at $358,754,000 after purchasing an additional 319,663 shares in the last quarter. Geode Capital Management LLC lifted its position in Equifax by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 1,812,908 shares of the credit services provider’s stock valued at $253,483,000 after purchasing an additional 80,950 shares in the last quarter. Finally, Norges Bank purchased a new position in Equifax during the fourth quarter valued at $153,781,000. Institutional investors own 93.74% of the company’s stock.
Shares of NYSE:EFX opened at $146.70 on Friday. Equifax Inc. has a 1 year low of $103.01 and a 1 year high of $164.77. The business has a 50 day simple moving average of $133.02 and a two-hundred day simple moving average of $140.32. The firm has a market capitalization of $17.81 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 13.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 1.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.56 annualized dividend and a dividend yield of 1.06%. Equifax’s dividend payout ratio (DPR) is presently 27.76%.
Several equities analysts have recently commented on the company. Stephens restated a “hold” rating and issued a $166.00 price objective on shares of Equifax in a research report on Tuesday, April 21st. Atlantic Securities downgraded Equifax from an “overweight” rating to a “neutral” rating and set a $151.00 price objective on the stock. in a research report on Friday, May 15th. Argus cut Equifax from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus lifted their target price on Equifax from $136.00 to $162.00 and gave the stock a “hold” rating in a report on Tuesday, February 18th. Finally, Cfra reduced their target price on Equifax from $173.00 to $141.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $150.67.
In other Equifax news, insider John J. Kelley III sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $148.32, for a total transaction of $1,854,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by insiders.
Equifax Company Profile
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
Further Reading: Hedge Funds – How They Work For Investors
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