Royal London Asset Management Ltd. Raises Position in TransUnion (NYSE:TRU)

Royal London Asset Management Ltd. raised its stake in TransUnion (NYSE:TRU) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,340 shares of the business services provider’s stock after purchasing an additional 3,386 shares during the quarter. Royal London Asset Management Ltd.’s holdings in TransUnion were worth $5,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Investment Partners LLC raised its stake in shares of TransUnion by 1.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock worth $765,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of TransUnion by 32.9% in the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock worth $46,000 after purchasing an additional 142 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of TransUnion by 6.4% in the second quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock worth $205,000 after purchasing an additional 165 shares during the last quarter. National Bank of Canada FI increased its position in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 166 shares during the last quarter. Finally, Logan Capital Management Inc. increased its position in shares of TransUnion by 1.7% during the fourth quarter. Logan Capital Management Inc. now owns 9,887 shares of the business services provider’s stock valued at $679,000 after acquiring an additional 170 shares during the last quarter.

TransUnion Trading Up 2.3 %

NYSE TRU opened at $100.39 on Friday. The stock’s 50-day simple moving average is $88.06 and its two-hundred day simple moving average is $79.95. TransUnion has a twelve month low of $42.09 and a twelve month high of $100.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of -70.20, a PEG ratio of 1.40 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts forecast that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.42%. TransUnion’s payout ratio is -29.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRU shares. The Goldman Sachs Group increased their price target on TransUnion from $87.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised TransUnion to a “strong-buy” rating in a research report on Tuesday, August 13th. Bank of America raised TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Thursday, June 20th. Barclays increased their price target on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Robert W. Baird increased their price target on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at TransUnion

In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the sale, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the transaction, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the completion of the transaction, the insider now owns 70,547 shares in the company, valued at approximately $5,239,525.69. The disclosure for this sale can be found here. Insiders have sold 32,200 shares of company stock worth $2,665,257 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

TransUnion 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.