Bank of New York Mellon Corp Purchases 42,293 Shares of TransUnion (NYSE:TRU)

Bank of New York Mellon Corp lifted its position in TransUnion (NYSE:TRU) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,152,813 shares of the business services provider’s stock after buying an additional 42,293 shares during the period. Bank of New York Mellon Corp owned about 0.59% of TransUnion worth $106,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank lifted 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 buying an additional 131 shares in the last quarter. Versant Capital Management Inc lifted its position in TransUnion by 82.1% during the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the period. Retirement Wealth Solutions LLC bought a new position in TransUnion during the fourth quarter valued at approximately $44,000. True Wealth Design LLC lifted its position in TransUnion by 4,590.0% during the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 459 shares during the period. Finally, Kestra Investment Management LLC bought a new position in TransUnion during the fourth quarter valued at approximately $51,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TRU shares. Oppenheimer lowered their price objective on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group increased their price objective on shares of TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $111.64.

Insider Transactions at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total value of $93,600.00. Following the completion of the sale, the insider now directly owns 59,488 shares of the company’s stock, valued at $5,568,076.80. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares of the company’s stock, valued at $10,095,112.82. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,521 shares of company stock valued at $534,136 over the last three months. Corporate insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

Shares of NYSE TRU opened at $92.55 on Friday. The firm has a fifty day moving average price of $94.63 and a 200-day moving average price of $98.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $18.06 billion, a PE ratio of 63.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. Equities analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be paid a $0.115 dividend. The ex-dividend date of this dividend is 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 0.50%. TransUnion’s dividend payout ratio is 31.51%.

TransUnion declared that its board has authorized a stock buyback 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 purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.