TransUnion (NYSE:TRU) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Thursday, May 23rd will be paid a dividend of 0.075 per share by the business services provider on Friday, June 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, May 22nd.
TransUnion has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect TransUnion to earn $2.74 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 10.9%.
Shares of NYSE:TRU opened at $65.81 on Friday. TransUnion has a 1 year low of $52.15 and a 1 year high of $79.48. The stock has a market cap of $12.74 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.90.
A number of research analysts recently issued reports on TRU shares. Deutsche Bank reduced their price target on TransUnion from $87.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Zacks Investment Research upgraded TransUnion from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Barclays restated a “buy” rating and set a $72.00 price target on shares of TransUnion in a report on Thursday, January 10th. ValuEngine upgraded TransUnion from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, BNP Paribas started coverage on TransUnion in a report on Friday, March 15th. They set a “neutral” rating and a $66.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. TransUnion presently has an average rating of “Buy” and an average target price of $75.53.
In other TransUnion news, CAO Timothy Elberfeld sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $70.00, for a total transaction of $70,000.00. Following the transaction, the chief accounting officer now owns 13,062 shares in the company, valued at approximately $914,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James M. Peck sold 131,661 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.65, for a total value of $8,511,883.65. Following the transaction, the chief executive officer now owns 203,582 shares in the company, valued at approximately $13,161,576.30. The disclosure for this sale can be found here. Insiders have sold a total of 374,193 shares of company stock worth $24,759,930 in the last quarter. Company insiders own 0.92% of the company’s stock.
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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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