TransUnion's stock is experiencing a decline today, partly due to concerns surrounding the impact of missed student-loan payments on super-prime borrowers. According to data compiled by TransUnion, consumers with credit scores above 780 are expected to see their scores drop by an average of 129 points once late student-loan payments are reported again in January. This significant decrease could affect these consumers' ability to access additional credit, potentially impacting lenders and the broader credit market.
Additionally, recent transactions involving TransUnion's stock may be contributing to the downward pressure. Notably, Bamco Inc. NY reduced its holdings in TransUnion by 5.6% during the third quarter, as disclosed in a recent 13F filing. This reduction, along with other institutional movements, might be influencing investor sentiment.
TransUnion's stock is currently priced at $99.54, down 1.93% from its previous close of $101.50, and has decreased by 1.18% from its opening price of $100.73.