Bank of New York Mellon Corp Has $106.88 Million Position in TransUnion (NYSE:TRU)

Bank of New York Mellon Corp boosted its holdings in TransUnion (NYSE:TRU - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,152,813 shares of the business services provider's stock after purchasing an additional 42,293 shares during the period. Bank of New York Mellon Corp owned about 0.59% of TransUnion worth $106,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new stake in shares of TransUnion in the 4th quarter valued at approximately $950,000. Handelsbanken Fonder AB grew its stake in TransUnion by 10.2% during the 4th quarter. Handelsbanken Fonder AB now owns 37,355 shares of the business services provider's stock worth $3,463,000 after buying an additional 3,443 shares during the last quarter. Ieq Capital LLC increased its position in TransUnion by 399.1% in the fourth quarter. Ieq Capital LLC now owns 34,180 shares of the business services provider's stock worth $3,169,000 after buying an additional 27,331 shares during the period. Kestra Investment Management LLC bought a new position in shares of TransUnion during the fourth quarter worth about $51,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of TransUnion by 617.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,737 shares of the business services provider's stock worth $161,000 after acquiring an additional 1,495 shares during the period.

Analyst Ratings Changes

TRU has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a report on Friday, February 14th. William Blair reiterated an "outperform" rating on shares of TransUnion in a research report on Friday, February 14th. Morgan Stanley reduced their target price on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. UBS Group increased their price objective on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Oppenheimer lowered their price target on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, TransUnion presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.64.

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TransUnion Stock Up 2.3 %

Shares of TransUnion stock traded up $1.99 during trading on Wednesday, reaching $90.08. The stock had a trading volume of 2,509,675 shares, compared to its average volume of 1,522,581. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. TransUnion has a 52 week low of $66.07 and a 52 week high of $113.17. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 61.70, a P/E/G ratio of 1.18 and a beta of 1.63. The stock has a fifty day moving average price of $94.39 and a two-hundred day moving average price of $98.52.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Sell-side analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. This is a boost from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, February 27th. TransUnion's payout ratio is 31.51%.

TransUnion announced that its board has authorized a stock buyback program on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the sale, the insider now owns 59,488 shares of the company's stock, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares in the company, valued at $10,095,112.82. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,021 shares of company stock worth $383,041. Insiders own 0.22% of the company's stock.

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.