CIBC Private Wealth Group LLC Reduces Position in TransUnion (NYSE:TRU)

CIBC Private Wealth Group LLC trimmed its stake in TransUnion (NYSE:TRU) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,297 shares of the business services provider’s stock after selling 9,863 shares during the period. CIBC Private Wealth Group LLC’s holdings in TransUnion were worth $37,259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Townsquare Capital LLC increased its position in TransUnion by 1.0% in the third quarter. Townsquare Capital LLC now owns 10,211 shares of the business services provider’s stock worth $1,069,000 after buying an additional 100 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in TransUnion by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 131 shares in the last quarter. GAMMA Investing LLC raised its stake in TransUnion by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,094 shares of the business services provider’s stock worth $101,000 after acquiring an additional 138 shares during the period. Yousif Capital Management LLC lifted its holdings in TransUnion by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,608 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 139 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of TransUnion by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the business services provider’s stock worth $245,000 after purchasing an additional 139 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. UBS Group boosted their price objective on TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. William Blair reiterated 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 on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley dropped their price target on TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and a consensus price target of $114.08.

TransUnion Trading Down 2.8 %

TRU opened at $82.27 on Monday. The stock has a 50-day moving average of $91.72 and a 200 day moving average of $97.14. 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 12 month low of $66.07 and a 12 month high of $113.17. The firm has a market cap of $16.05 billion, a P/E ratio of 56.35, a P/E/G ratio of 1.18 and a beta of 1.70.

TransUnion (NYSE:TRU) last released its 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). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, research analysts forecast that TransUnion will post 3.99 EPS for the current year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.115 per share. The ex-dividend date was Thursday, February 27th. This is a boost from TransUnion’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.56%. TransUnion’s payout ratio is currently 31.51%.

TransUnion announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 13th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Venkat Achanta sold 1,821 shares of the firm’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 sale, the executive vice president now directly owns 105,443 shares of the company’s stock, valued at $10,095,112.82. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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.