Principal Financial Group Inc. Has $23.74 Million Stock Position in TransUnion (NYSE:TRU)

Principal Financial Group Inc. grew its stake in TransUnion (NYSE:TRU - Free Report) by 1,428.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 226,771 shares of the business services provider's stock after purchasing an additional 211,934 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of TransUnion worth $23,743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRU. Quarry LP raised its stake in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider's stock worth $43,000 after buying an additional 520 shares during the period. National Bank of Canada FI lifted its holdings in shares of TransUnion by 22.3% during 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 position in shares of TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider's stock valued at $68,000 after purchasing an additional 523 shares during the period. Ridgewood Investments LLC bought a new stake in TransUnion during the 2nd quarter worth approximately $75,000. Finally, Signaturefd LLC raised its holdings in TransUnion by 15.0% during the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider's stock worth $83,000 after buying an additional 103 shares during the period.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,500 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $105.66, for a total transaction of $158,490.00. Following the completion of the sale, the insider now owns 62,988 shares of the company's stock, valued at approximately $6,655,312.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Steven M. Chaouki sold 1,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $105.66, for a total value of $158,490.00. Following the completion of the transaction, the insider now owns 62,988 shares of the company's stock, valued at approximately $6,655,312.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares of the company's stock, valued at approximately $1,904,527.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,315 shares of company stock worth $1,119,897. 0.22% of the stock is currently owned by company insiders.

TransUnion Stock Performance

NYSE TRU traded down $3.24 during trading on Thursday, reaching $99.76. 1,224,677 shares of the company's stock were exchanged, compared to its average volume of 1,591,257. TransUnion has a fifty-two week low of $55.61 and a fifty-two week high of $113.17. The stock has a market capitalization of $19.44 billion, a P/E ratio of 89.54, a PEG ratio of 1.40 and a beta of 1.62. The business has a 50 day moving average price of $103.54 and a 200-day moving average price of $88.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. Sell-side analysts forecast that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be issued a $0.105 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.42 annualized dividend and a yield of 0.42%. TransUnion's dividend payout ratio is presently 36.52%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of TransUnion from $104.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of TransUnion from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target on TransUnion from $97.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on TransUnion from $103.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley increased their price objective on TransUnion from $103.00 to $119.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, TransUnion has an average rating of "Moderate Buy" and an average price target of $104.53.

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.