Citizens Financial Group Inc RI Has $8.32 Million Stake in Equifax, Inc. (EFX)
Citizens Financial Group Inc RI trimmed its position in Equifax, Inc. (NYSE:EFX) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,545 shares of the credit services provider’s stock after selling 1,904 shares during the quarter. Citizens Financial Group Inc RI owned approximately 0.05% of Equifax worth $8,320,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Equifax by 23.8% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 143 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Equifax by 9.4% in the 1st quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 64 shares in the last quarter. SNS Financial Group LLC acquired a new stake in shares of Equifax in the 2nd quarter valued at $200,000. Park Avenue Securities LLC acquired a new stake in shares of Equifax in the 2nd quarter valued at $201,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Equifax in the 1st quarter valued at $202,000. Institutional investors and hedge funds own 90.02% of the company’s stock.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the sale, the insider now owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now directly owns 42,078 shares in the company, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,219 shares of company stock worth $1,780,938. Corporate insiders own 1.29% of the company’s stock.
EFX has been the topic of a number of analyst reports. Argus initiated coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective on the stock. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reiterated an “equal weight” rating and set a $144.00 price target (up from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Equifax in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $147.50.
Equifax, Inc. (NYSE EFX) traded up 0.88% on Tuesday, reaching $114.12. 3,762,062 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $142.17 and its 200 day moving average price is $138.15. Equifax, Inc. has a 1-year low of $110.87 and a 1-year high of $147.02. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 24.17 and a beta of 0.93.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. On average, analysts expect that Equifax, Inc. will post $6.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.38%. Equifax’s dividend payout ratio (DPR) is 33.05%.
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Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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