M&T Bank Corp Increases Stock Holdings in TransUnion (NYSE:TRU)

M&T Bank Corp boosted its stake in shares of TransUnion (NYSE:TRU) by 11.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,531 shares of the business services provider’s stock after buying an additional 3,232 shares during the quarter. M&T Bank Corp’s holdings in TransUnion were worth $3,197,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after buying an additional 131 shares during the period. True Wealth Design LLC lifted its stake in shares of TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after acquiring an additional 459 shares during the last quarter. Quarry LP boosted its holdings 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 during the period. Signaturefd LLC grew its position in TransUnion by 15.0% in the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 103 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the period.

Insiders Place Their Bets

In related news, Director George M. Awad sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.00, for a total value of $1,200,000.00. Following the completion of the transaction, the director now directly owns 27,026 shares of the company’s stock, valued at $2,702,600. This trade represents a 30.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $4,888,432.01. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,590 shares of company stock valued at $2,084,633. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Stock Down 1.1 %

NYSE:TRU opened at $98.43 on Friday. The company’s 50-day simple moving average is $102.39 and its 200-day simple moving average is $91.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. TransUnion has a fifty-two week low of $63.03 and a fifty-two week high of $113.17. The stock has a market capitalization of $19.18 billion, a P/E ratio of 85.59, a P/E/G ratio of 1.40 and a beta of 1.60.

TransUnion (NYSE:TRU) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. TransUnion’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. On average, equities analysts anticipate that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 22nd were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, November 22nd. TransUnion’s dividend payout ratio (DPR) is presently 36.52%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group initiated coverage on shares of TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Robert W. Baird increased their price objective on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and an average price target of $107.06.

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.