Rockefeller Capital Management L.P. Has $63.96 Million Stake in TransUnion (NYSE:TRU)

Rockefeller Capital Management L.P. reduced its position in TransUnion (NYSE:TRU - Free Report) by 45.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 689,891 shares of the business services provider's stock after selling 569,409 shares during the period. Rockefeller Capital Management L.P. owned 0.35% of TransUnion worth $63,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in TransUnion by 52.5% in the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after purchasing an additional 2,323,339 shares during the period. Norges Bank bought a new position in shares of TransUnion in the 4th quarter valued at about $180,011,000. William Blair Investment Management LLC grew its position in shares of TransUnion by 30.6% during the 4th quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock worth $312,501,000 after buying an additional 789,497 shares during the period. FMR LLC raised its stake in shares of TransUnion by 11.1% during the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after buying an additional 503,969 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in TransUnion by 1.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock valued at $1,811,566,000 after buying an additional 359,569 shares during the period.

Remove Ads

Analysts Set New Price Targets

Several brokerages have commented on TRU. Wells Fargo & Company dropped their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Monday. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research note on Friday, February 14th. William Blair restated an "outperform" rating on shares of TransUnion in a research report on Monday, March 24th. Jefferies Financial Group lowered their price target on TransUnion from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Barclays reduced their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, TransUnion presently has an average rating of "Moderate Buy" and an average target price of $111.23.

Insider Transactions at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the completion of the transaction, the insider now directly owns 58,488 shares in the company, valued at $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares in the company, valued at $10,095,112.82. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,021 shares of company stock worth $372,751 in the last three months. Insiders own 0.22% of the company's stock.

TransUnion Stock Up 0.5 %

Shares of NYSE:TRU traded up $0.39 during mid-day trading on Tuesday, reaching $75.17. 1,922,779 shares of the stock were exchanged, compared to its average volume of 1,695,705. The stock's 50 day simple moving average is $85.86 and its 200-day simple moving average is $94.61. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company has a market cap of $14.67 billion, a P/E ratio of 51.49, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities research analysts predict that TransUnion will post 3.99 EPS for the current year.

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.61%. TransUnion's payout ratio is 31.51%.

TransUnion declared that its Board of Directors has approved a share repurchase plan on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.