Advisor Group Holdings Inc. acquires 9,275 shares of The Western Union Company (NYSE: WU)


Advisor Group Holdings Inc. increased its holdings of The Western Union Company (NYSE:WU – Get Rating) stock 2.1% in the first quarter, the company said in its latest 13F filing with the Securities and Exchange Commission (SEC). ) . The company held 444,935 shares of the credit service provider after acquiring an additional 9,275 shares during the period. Advisor Group Holdings Inc.’s holdings in Western Union were worth $9,464,000 when it last filed with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently changed their holdings in the company. CWM LLC bought a new position in Western Union stock during Q4 for $30,000. Riverview Trust Co increased its stake in Western Union shares to 99.7% during the 1st quarter. Riverview Trust Co now owns 2,047 shares of the credit service provider valued at $38,000 after buying an additional 1,022 shares last quarter. First Horizon Advisors Inc. increased its stake in Western Union shares by 61.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit service provider valued at $47,000 after buying 1,016 additional shares last quarter. National Bank of Canada FI bought a new position in Western Union shares during the 4th quarter for a value of $49,000. Finally, UMB Bank NA MO bought a new position in Western Union stock during Q4 worth $49,000. Institutional investors hold 97.43% of the company’s shares.

Analyst upgrades and downgrades

A number of research analysts have weighed in on WU shares recently. TheStreet reduced Western Union shares from a “b-” rating to a “c+” rating in a Tuesday, July 12 research note. Wolfe Research downgraded Western Union shares from a “market performer” rating to an “underperformer” rating and lowered its price target for the stock from $20.00 to $17.00 in a research note from Wednesday, July 20. Goldman Sachs Group began covering Western Union shares in a research note on Tuesday, May 17. They issued a “sell” rating and a price target of $18.00 on the stock. JPMorgan Chase & Co. cut its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research note. Finally, Citigroup cut Western Union shares from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the stock. in a research note from Friday, April 29. Five equity research analysts gave the stock a sell rating, eight gave the company a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, Western Union currently has an average rating of “Hold” and a consensus target price of $19.65.

Western Union stock up 2.6%

NYSE WU shares opened at $17.21 on Thursday. The stock has a market capitalization of $6.64 billion, a price-earnings ratio of 7.58 and a beta of 0.89. The Western Union Company has a 12-month low of $15.30 and a 12-month high of $22.93. The company’s 50-day moving average price is $16.82 and its 200-day moving average price is $17.81. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt ratio of 7.18.

Western Union (NYSE:WU – Get Rating) last released its quarterly results on Wednesday, August 3. The credit service provider reported EPS of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.29% and a return on equity of 269.10%. In the same quarter a year earlier, the company posted EPS of $0.48. On average, equity research analysts expect The Western Union Company to post EPS of 1.8 for the current fiscal year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Investors of record on Friday, September 16 will receive a dividend of $0.235 per share. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $0.94 and a yield of 5.46%. Western Union’s payout rate is 41.41%.

Western Union Company Profile

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The Western Union Company provides money transfer and payment services worldwide. The Company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions via websites and mobile devices.

Further reading

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Institutional ownership by quarter for Western Union (NYSE:WU)



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