Commerce Bank reduced its position in shares of The Western Union Company (NYSE:WU – Get Rating) by 25.3% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company held 32,738 shares of the credit service provider after selling 11,093 shares during the period. Commerce Bank’s holdings in Western Union were worth $614,000 at the end of the last quarter.
Several other large investors have also recently increased or reduced their stakes in WU. BlackRock Inc. increased its position in Western Union by 17.2% during the 4th quarter. BlackRock Inc. now owns 60,702,355 shares of the credit service provider worth $1,082,930,000 after purchasing an additional 8,905,368 shares during the period. Schroder Investment Management Group increased its position in Western Union by 121.2% during the 4th quarter. Schroder Investment Management Group now owns 7,143,709 shares of the credit services provider worth $127,444,000 after purchasing an additional 3,914,104 shares during the period. Discerene Group LP increased its position in Western Union by 138.6% during the 4th quarter. Discerene Group LP now owns 5,681,336 shares of the credit services provider worth $101,355,000 after purchasing an additional 3,299,899 shares during the period. Principal Financial Group Inc. increased its position in Western Union by 162.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,429,917 shares of the credit service provider worth $25,510,000 after purchasing an additional 885,273 shares during the period. Finally, Squarepoint Ops LLC increased its position in Western Union by 346.0% during the 4th quarter. Squarepoint Ops LLC now owns 1,088,945 shares of the credit services provider worth $19,427,000 after purchasing an additional 844,801 shares during the period. Institutional investors hold 97.43% of the company’s shares.
Western Union stock performance
Shares of WU opened at $16.46 on Tuesday. The company’s 50-day moving average price is $16.59 and its 200-day moving average price is $17.69. The Western Union Company has a 12-month low of $15.30 and a 12-month high of $22.55. The company has a market capitalization of $6.35 billion, a price-earnings ratio of 7.38 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt ratio of 6.01.
Western Union (NYSE:WU – Get Rating) last reported quarterly results on Wednesday, August 3. The credit services provider reported EPS of $0.51 for the quarter, beating consensus analyst estimates of $0.41 by $0.10. Western Union had a return on equity of 239.89% and a net margin of 18.27%. In the same quarter last year, the company achieved EPS of $0.48. Equity research analysts expect The Western Union Company to post EPS of 1.8 for the current year.
Western Union announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Shareholders 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 a dividend of $0.94 on an annualized basis and a dividend yield of 5.71%. Western Union’s dividend payout ratio (DPR) is 42.15%.
A Wall Street analyst gives his opinion
WU has been the subject of several analyst reports. Wolfe Research downgraded Western Union from a “market performance” rating to an “underperformance” rating and reduced its target price for the stock from $20.00 to $17.00 in a Wednesday report. July 20. Goldman Sachs Group cut its price target on Western Union from $18.00 to $15.50 and set a “sell” rating on the stock in a Monday, Aug. 8 report. JPMorgan Chase & Co. cut its target price on Western Union from $20.00 to $19.00 in a Friday, April 29 report. TheStreet downgraded Western Union from a “b-” rating to a “c+” rating in a Tuesday, July 12 report. Finally, UBS Group cut its price target on Western Union from $19.00 to $18.00 and set a “neutral” rating on the stock in a Thursday, August 4, report. Five 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, Western Union currently has a consensus rating of “Hold” and an average price target of $18.89.
About Western Union
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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.
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