CIBC Private Wealth Group LLC Decreases Stock Holdings in TransUnion (NYSE:TRU)

CIBC Private Wealth Group LLC reduced its position in shares of TransUnion (NYSE:TRU) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,297 shares of the business services provider’s stock after selling 9,863 shares during the period. CIBC Private Wealth Group LLC owned 0.21% of TransUnion worth $37,259,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Allstate Corp purchased a new stake in TransUnion in the 4th quarter worth approximately $525,000. Brown Brothers Harriman & Co. purchased a new stake in TransUnion in the fourth quarter worth $47,000. Orion Portfolio Solutions LLC boosted its holdings in TransUnion by 56.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 8,876 shares of the business services provider’s stock valued at $823,000 after acquiring an additional 3,201 shares in the last quarter. Norges Bank purchased a new position in TransUnion during the 4th quarter valued at $180,011,000. Finally, Blair William & Co. IL raised its holdings in TransUnion by 21.2% in the 4th quarter. Blair William & Co. IL now owns 15,707 shares of the business services provider’s stock worth $1,456,000 after purchasing an additional 2,746 shares in the last quarter.

Wall Street Analyst Weigh In

TRU has been the topic of a number of research reports. Oppenheimer cut their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their target price on TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of TransUnion in a research report on Monday, March 24th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Finally, UBS Group increased their price objective on TransUnion from $102.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.08.

TransUnion Stock Performance

Shares of TRU stock opened at $82.27 on Monday. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 56.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company’s 50-day moving average is $91.72 and its 200 day moving average is $97.14.

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

TransUnion Increases Dividend

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

TransUnion announced that its Board of Directors has approved a stock buyback program on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at approximately $5,568,076.80. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,021 shares of company stock valued at $383,041 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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.