Commonwealth Equity Services LLC increased its position in The Western Union Company (NYSE:WU – Get Rating) by 48.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund held 63,642 shares of the credit service provider after acquiring an additional 20,845 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Western Union were worth $1,192,000 when it was last filed with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently changed their stakes in the company. CWM LLC purchased a new stake in Western Union in the fourth quarter worth approximately $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. UMB Bank NA MO bought a new position in Western Union stock during Q4 for $49,000. Finally, Norwood Financial Corp bought a new stake in Western Union in the 4th quarter at a value of $51,000. 97.43% of the shares are held by institutional investors.
Western Union stock up 0.9%
NYSE:WU shares opened at $16.69 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt ratio of 6.01. The Western Union Company has a 52-week low of $15.30 and a 52-week high of $22.59. The company has a 50-day moving average of $16.61 and a two-hundred-day moving average of $17.71. The company has a market capitalization of $6.44 billion, a price-earnings ratio of 7.48 and a beta of 0.89.
Western Union (NYSE:WU – Get Rating) last released quarterly earnings data on Wednesday, August 3. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.27% and a return on equity of 239.89%. In the same period of the previous year, the company had earned earnings per share of $0.48. As a group, analysts expect The Western Union Company to post 1.8 earnings per share 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. Shareholders of record on Friday, September 16 will receive a dividend of $0.235 per share. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Thursday, September 15. Western Union’s payout rate is currently 42.15%.
Changes to analyst ratings
A number of analysts have weighed in on WU shares recently. Barclays cut its target price on Western Union shares to $17.00 in a Tuesday, August 9 report. Goldman Sachs Group lowered its price target on Western Union shares from $18.00 to $15.50 and set a “sell” rating for the company in a Monday, August 8 research report. TheStreet reduced Western Union shares from a “b-” rating to a “c+” rating in a Tuesday, July 12 research report. Northland Securities cut its price target on Western Union shares from $24.00 to $22.00 in a Thursday, Aug. 4 research note. Finally, Morgan Stanley cut its price target on Western Union shares from $15.00 to $14.00 and set an “underweight” rating on the stock in a Thursday, Aug. 4 research note. Five 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 MarketBeat.com, Western Union currently has a consensus rating of “Hold” and an average target price of $18.89.
Western Union 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.
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