TransUnion (NYSE:TRU) announced a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Shareholders of record on Wednesday, November 21st will be paid a dividend of 0.075 per share by the business services provider on Thursday, December 6th. This represents a $0.30 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, November 20th.
TransUnion has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect TransUnion to earn $2.63 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.4%.
TRU traded down $0.94 on Thursday, hitting $67.53. The company had a trading volume of 947,527 shares, compared to its average volume of 1,224,883. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.62 and a quick ratio of 1.62. TransUnion has a 52-week low of $52.56 and a 52-week high of $79.48. The firm has a market capitalization of $12.52 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.86.
Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of TransUnion from $66.00 to $71.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 25th. Atlantic Securities lowered shares of TransUnion from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $77.00 to $82.00 in a report on Wednesday, July 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their price objective on shares of TransUnion from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, October 24th. Barclays raised their price objective on shares of TransUnion from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co raised their price objective on shares of TransUnion from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. TransUnion currently has an average rating of “Buy” and a consensus target price of $78.54.
In other news, CAO Timothy Elberfeld sold 1,592 shares of TransUnion stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $66.14, for a total transaction of $105,294.88. Following the completion of the transaction, the chief accounting officer now directly owns 12,566 shares in the company, valued at $831,115.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Peck sold 141,428 shares of TransUnion stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $62.04, for a total transaction of $8,774,193.12. Following the transaction, the insider now owns 381,627 shares of the company’s stock, valued at $23,676,139.08. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.
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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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