Toronto Dominion Bank Grows Holdings in TransUnion (TRU)
Toronto Dominion Bank raised its stake in TransUnion (NYSE:TRU) by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,366 shares of the business services provider’s stock after purchasing an additional 8,491 shares during the quarter. Toronto Dominion Bank’s holdings in TransUnion were worth $2,230,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TRU. Karp Capital Management Corp purchased a new position in TransUnion in the fourth quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in TransUnion in the first quarter valued at about $80,000. Ropes Wealth Advisors LLC purchased a new position in TransUnion in the fourth quarter valued at about $83,000. Massey Quick Simon & CO. LLC raised its position in TransUnion by 21.6% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,550 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 275 shares during the period. Finally, Flagship Harbor Advisors LLC raised its position in TransUnion by 39.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,860 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 524 shares during the period. 99.71% of the stock is currently owned by institutional investors.
TransUnion stock traded down $0.12 during midday trading on Friday, hitting $65.68. The stock had a trading volume of 56,929 shares, compared to its average volume of 1,526,919. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.90. The firm has a market cap of $12.39 billion, a P/E ratio of 28.43, a P/E/G ratio of 4.03 and a beta of 0.94. TransUnion has a 12 month low of $52.15 and a 12 month high of $79.48.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 23rd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, May 22nd. TransUnion’s dividend payout ratio is currently 12.99%.
Several research analysts have commented on TRU shares. Zacks Investment Research raised TransUnion from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. ValuEngine raised TransUnion from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Barclays reaffirmed a “buy” rating and set a $80.00 target price on shares of TransUnion in a research report on Sunday, May 5th. BNP Paribas initiated coverage on TransUnion in a research report on Friday, March 15th. They set a “neutral” rating and a $66.00 target price on the stock. Finally, Exane BNP Paribas initiated coverage on TransUnion in a research report on Friday, March 15th. They set a “neutral” rating and a $66.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.40.
In other TransUnion news, CAO Timothy Elberfeld sold 1,000 shares of TransUnion stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,062 shares in the company, valued at $914,340. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James M. Peck sold 131,661 shares of TransUnion stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $64.65, for a total value of $8,511,883.65. Following the completion of the transaction, the chief executive officer now owns 203,582 shares of the company’s stock, valued at $13,161,576.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 378,511 shares of company stock valued at $25,042,932. 0.92% of the stock is owned by corporate insiders.
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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