Citigroup Inc. Increases Stock Position in TransUnion (NYSE:TRU)

Citigroup Inc. grew its position in TransUnion (NYSE:TRU) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,297 shares of the business services provider’s stock after acquiring an additional 3,299 shares during the period. Citigroup Inc.’s holdings in TransUnion were worth $10,710,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Huntington National Bank raised its holdings in TransUnion by 84.5% in the 3rd 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 period. Quarry LP increased its position in shares of TransUnion by 963.0% in the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares in the last quarter. National Bank of Canada FI raised its stake 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 worth $66,000 after buying an additional 166 shares during the period. Blue Trust Inc. lifted its position in shares of TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after buying an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in TransUnion in the 2nd quarter valued at $75,000.

Analyst Upgrades and Downgrades

TRU has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on shares of TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Oppenheimer lowered their price objective on TransUnion from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Barclays increased their target price on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TransUnion in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.38.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $105.66, for a total transaction of $158,490.00. Following the transaction, the insider now directly owns 62,988 shares in the company, valued at $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the transaction, the executive vice president now owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $1,954,740 over the last 90 days. 0.28% of the stock is owned by insiders.

TransUnion Price Performance

Shares of TRU stock opened at $101.00 on Friday. The firm’s 50-day moving average is $103.70 and its two-hundred day moving average is $90.18. TransUnion has a 12 month low of $56.85 and a 12 month high of $113.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $19.68 billion, a PE ratio of 87.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. Analysts predict that TransUnion will post 3.45 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 22nd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. TransUnion’s payout ratio is 36.52%.

TransUnion 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.