CIBC Asset Management Inc Grows Stock Holdings in TransUnion (NYSE:TRU)

CIBC Asset Management Inc lifted its position in shares of TransUnion (NYSE:TRU) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,859 shares of the business services provider’s stock after acquiring an additional 347 shares during the quarter. CIBC Asset Management Inc’s holdings in TransUnion were worth $718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank boosted its position in shares of TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Quarry LP raised its holdings in shares of TransUnion by 963.0% in the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after acquiring an additional 520 shares during the last quarter. National Bank of Canada FI lifted 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 valued at $66,000 after purchasing an additional 166 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of TransUnion in the second quarter valued at approximately $75,000.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,500 shares of TransUnion stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.66, for a total transaction of $158,490.00. Following the transaction, the insider now directly owns 62,988 shares of the company’s stock, valued at $6,655,312.08. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the sale, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. The trade was a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,315 shares of company stock valued at $1,119,897 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TRU has been the subject of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research note on Thursday, October 24th. Stifel Nicolaus upped their price target on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Stock Down 0.3 %

Shares of TransUnion stock opened at $96.74 on Thursday. TransUnion has a twelve month low of $56.85 and a twelve month high of $113.17. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 84.12, a PEG ratio of 1.30 and a beta of 1.62. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The business’s 50 day simple moving average is $103.68 and its 200-day simple moving average is $89.41.

TransUnion (NYSE:TRU) last announced its quarterly 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. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. Equities research analysts forecast that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 0.43%. TransUnion’s dividend payout ratio is presently 36.52%.

TransUnion Company Profile

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.