Bamco Inc. NY Lowers Holdings in TransUnion (NYSE:TRU)

Bamco Inc. NY cut its stake in shares of TransUnion (NYSE:TRU - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 876,388 shares of the business services provider's stock after selling 52,183 shares during the quarter. Bamco Inc. NY owned approximately 0.45% of TransUnion worth $91,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. True Wealth Design LLC raised its position in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider's stock valued at $49,000 after buying an additional 459 shares during the last quarter. Quarry LP lifted its stake in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider's stock valued at $43,000 after acquiring an additional 520 shares in the last quarter. Signaturefd LLC boosted 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 acquiring an additional 103 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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 worth $68,000 after acquiring an additional 523 shares in the last quarter.

TransUnion Trading Down 2.0 %

Shares of NYSE TRU traded down $2.06 during midday trading on Monday, hitting $99.44. 720,138 shares of the company traded hands, compared to its average volume of 1,598,128. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $19.38 billion, a P/E ratio of 88.26, a P/E/G ratio of 1.41 and a beta of 1.62. The stock has a 50-day moving average price of $103.54 and a 200 day moving average price of $90.57. TransUnion has a 12-month low of $58.59 and a 12-month high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings data 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. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.80 EPS. TransUnion's revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently announced 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. This represents a $0.42 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. TransUnion's dividend payout ratio is 36.52%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRU. Oppenheimer lowered their price objective on TransUnion from $122.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group boosted their target price on shares of TransUnion from $97.00 to $109.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Robert W. Baird increased their target price on TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their target price on TransUnion from $103.00 to $119.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $106.38.

Insiders Place Their Bets

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $95,650.00. Following the transaction, the insider now owns 64,488 shares of the company's stock, valued at $6,168,277.20. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $239,125.00. Following the transaction, the executive vice president now owns 49,239 shares of the company's stock, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,500 shares of company stock valued at $1,954,740. Insiders own 0.22% of the company's stock.

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.