Charles Schwab Investment Management Inc. Increases Stock Holdings in TransUnion (NYSE:TRU)

Charles Schwab Investment Management Inc. grew its holdings in shares of TransUnion (NYSE:TRU) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 677,692 shares of the business services provider’s stock after purchasing an additional 16,445 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in TransUnion were worth $70,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRU. Huntington National Bank grew its position in TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after buying an additional 131 shares during the period. Quarry LP grew its position in shares of TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 520 shares during the period. National Bank of Canada FI raised its holdings in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 shares during the period. Blue Trust Inc. raised its holdings in TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in TransUnion during the second quarter valued at about $75,000.

Insider Activity at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the transaction, the executive vice president now directly owns 49,239 shares in the company, valued at approximately $4,709,710.35. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George M. Awad sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.00, for a total value of $1,200,000.00. Following the transaction, the director now owns 27,026 shares of the company’s stock, valued at $2,702,600. This trade represents a 30.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,500 shares of company stock worth $1,954,740. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Oppenheimer dropped their target price on shares of TransUnion from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Trading Up 0.3 %

Shares of TRU opened at $101.00 on Friday. TransUnion has a fifty-two week low of $56.85 and a fifty-two week high of $113.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The company’s fifty day moving average is $103.70 and its 200 day moving average is $90.18. The stock has a market capitalization of $19.68 billion, a PE ratio of 87.83, a P/E/G ratio of 1.42 and a beta of 1.62.

TransUnion (NYSE:TRU) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $0.80 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that TransUnion will post 3.45 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, November 22nd. TransUnion’s dividend payout ratio is currently 36.52%.

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.