Atlantic Trust Group LLC Takes $1.83 Million Position in Equifax, Inc. (EFX)

Atlantic Trust Group LLC bought a new stake in Equifax, Inc. (NYSE:EFX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,336 shares of the credit services provider’s stock, valued at approximately $1,833,000.

Several other institutional investors have also made changes to their positions in EFX. Vanguard Group Inc. increased its stake in Equifax by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after buying an additional 373,774 shares during the period. BlackRock Inc. increased its stake in Equifax by 1,540.8% in the 1st quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after buying an additional 8,715,062 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Equifax by 3.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock valued at $820,055,000 after buying an additional 212,392 shares during the period. Wellington Management Group LLP increased its stake in Equifax by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider’s stock valued at $731,730,000 after buying an additional 134,056 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Equifax by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,491,995 shares of the credit services provider’s stock valued at $205,030,000 after buying an additional 174,149 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the transaction, the insider now directly owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the transaction, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock valued at $1,780,938 over the last 90 days. Corporate insiders own 1.29% of the company’s stock.

WARNING: This report was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/09/17/atlantic-trust-group-llc-invests-1-83-million-in-equifax-inc-efx-stock.html.

Equifax, Inc. (EFX) traded down 3.81% during midday trading on Friday, hitting $92.98. 16,707,681 shares of the company traded hands. Equifax, Inc. has a 12-month low of $89.59 and a 12-month high of $147.02. The stock has a market cap of $11.19 billion, a P/E ratio of 19.69 and a beta of 0.93. The stock has a 50 day moving average of $136.38 and a 200 day moving average of $137.03.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts predict that Equifax, Inc. will post $6.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.68%. Equifax’s dividend payout ratio (DPR) is currently 33.05%.

EFX has been the topic of several recent research reports. Robert W. Baird reissued a “buy” rating and issued a $141.00 price objective on shares of Equifax in a research note on Tuesday, September 12th. Morgan Stanley dropped their price objective on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. SunTrust Banks, Inc. boosted their price objective on shares of Equifax from $110.00 to $155.00 in a research note on Friday. Deutsche Bank AG reissued a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Equifax in a research note on Thursday, July 27th. Finally, Barclays PLC reissued an “overweight” rating and issued a $115.00 price objective (down from $150.00) on shares of Equifax in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $137.93.

Equifax Company Profile

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.

Institutional Ownership by Quarter for Equifax (NYSE:EFX)

Receive News & Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply