TransUnion (NYSE:TRU – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.125 per share by the business services provider on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th.
TransUnion has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. TransUnion has a dividend payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TransUnion to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 10.1%.
TransUnion Stock Down 1.9%
Shares of TRU opened at $78.92 on Tuesday. The company’s 50-day simple moving average is $75.03 and its 200-day simple moving average is $73.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90. TransUnion has a 1 year low of $63.37 and a 1 year high of $95.50. The stock has a market capitalization of $15.12 billion, a PE ratio of 20.82, a P/E/G ratio of 1.32 and a beta of 1.53.
Insider Activity
In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $80.00, for a total value of $77,760.00. Following the completion of the transaction, the chief accounting officer owned 5,843 shares in the company, valued at $467,440. This represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mohamed Abdelsadek sold 23,495 shares of TransUnion stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $85.00, for a total value of $1,997,075.00. Following the sale, the executive vice president owned 57,182 shares in the company, valued at $4,860,470. This trade represents a 29.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 58,773 shares of company stock worth $4,615,228 over the last three months. Company insiders own 0.37% of the company’s stock.
Institutional Investors Weigh In On TransUnion
Several large investors have recently modified their holdings of TRU. BlackRock Inc. acquired a new position in shares of TransUnion in the 2nd quarter valued at $1,367,560,000. Dodge & Cox acquired a new stake in shares of TransUnion during the fourth quarter worth about $843,952,000. Independent Franchise Partners LLP grew its holdings in shares of TransUnion by 99.7% during the fourth quarter. Independent Franchise Partners LLP now owns 9,136,903 shares of the business services provider’s stock worth $783,489,000 after buying an additional 4,561,619 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of TransUnion during the second quarter worth about $280,292,000. Finally, Meritage Group LP acquired a new position in TransUnion in the 2nd quarter valued at about $263,751,000.
About TransUnion
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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