Hsbc Holdings PLC Has $7.93 Million Stock Position in TransUnion (NYSE:TRU)

Hsbc Holdings PLC raised its holdings in TransUnion (NYSE:TRU) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,898 shares of the business services provider’s stock after purchasing an additional 8,389 shares during the quarter. Hsbc Holdings PLC owned 0.06% of TransUnion worth $7,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in TransUnion by 237.5% in the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after buying an additional 342 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of TransUnion by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 142 shares in the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 523 shares during the last quarter. National Bank of Canada FI increased its position in 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 purchasing an additional 166 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in TransUnion in the second quarter valued at approximately $75,000.

TransUnion Trading Down 0.1 %

NYSE TRU opened at $105.06 on Tuesday. TransUnion has a one year low of $42.09 and a one year high of $106.67. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day simple moving average of $91.52 and a 200 day simple moving average of $81.22. The stock has a market capitalization of $20.40 billion, a P/E ratio of -73.47, a P/E/G ratio of 1.35 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.13. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. TransUnion’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. Research analysts expect that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s payout ratio is -29.37%.

Insider Buying and Selling

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the sale, the executive vice president now owns 49,239 shares of the company’s stock, valued at $4,709,710.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $74.27, for a total transaction of $74,270.00. Following the completion of the transaction, the insider now owns 70,547 shares in the company, valued at approximately $5,239,525.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the transaction, the executive vice president now owns 49,239 shares in the company, valued at approximately $4,709,710.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,080 shares of company stock valued at $2,141,724. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRU shares. Bank of America upgraded TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Thursday, June 20th. Wells Fargo & Company raised TransUnion to a “strong-buy” rating in a research note on Tuesday, August 13th. Morgan Stanley upped their price objective on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Robert W. Baird lifted their target price on shares of TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Oppenheimer upped their price target on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.