FDx Advisors Inc. invests $189,000 in The Western Union Company (NYSE: WU)


FDx Advisors Inc. bought a new position in shares of The Western Union Company (NYSE:WU – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company bought 10,080 shares of the credit service provider, valued at around $189,000.

A number of other hedge funds also changed their positions in the stock. BlackRock Inc. increased its stake in Western Union by 17.2% during the fourth quarter. BlackRock Inc. now owns 60,702,355 shares of the credit services provider worth $1,082,930,000 after buying 8,905,368 additional shares in the last quarter. Schroder Investment Management Group increased its stake in Western Union by 121.2% during the fourth quarter. Schroder Investment Management Group now owns 7,143,709 shares of the credit service provider worth $127,444,000 after buying an additional 3,914,104 shares in the last quarter. Discerene Group LP increased its stake in Western Union by 138.6% during the fourth quarter. Discerene Group LP now owns 5,681,336 shares of the credit services provider worth $101,355,000 after buying 3,299,899 additional shares in the last quarter. Principal Financial Group Inc. increased its stake in Western Union by 162.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,429,917 shares of the credit service provider worth $25,510,000 after buying 885,273 additional shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Western Union by 346.0% during the fourth quarter. Squarepoint Ops LLC now owns 1,088,945 shares of the credit service provider worth $19,427,000 after purchasing an additional 844,801 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s shares.

Analysts set new price targets

Several stock analysts have recently released reports on WU shares. Citigroup downgraded Western Union 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. JPMorgan Chase & Co. cut its target price on Western Union from $20.00 to $19.00 in a Friday, April 29 research note. Wolfe Research downgraded Western Union from a “market performance” rating to an “underperformance” rating and reduced its target price for the company from $20.00 to $17.00 in a research note Wednesday, July 20. Goldman Sachs Group launched coverage on Western Union in a research note on Tuesday, May 17. They issued a “sell” rating and a target price of $18.00 on the stock. Finally, TheStreet upgraded Western Union from a “b-” to a “c+” rating in a Tuesday, July 12 research note. Five investment analysts gave the stock a sell rating, eight gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.65.

Western Union price performance

Shares of WU opened at $17.02 on Friday. The company has a market capitalization of $6.57 billion, a price-earnings ratio of 7.50 and a beta of 0.91. The company has a debt ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. The Western Union Company has a one-year low of $15.30 and a one-year high of $23.48. The stock’s fifty-day moving average is $16.84 and its 200-day moving average is $17.83.

Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating analyst consensus estimates of $0.44 by $0.07. The company posted revenue of $1.16 billion for the quarter, compared to analysts’ estimates of $1.16 billion. Western Union had a return on equity of 269.10% and a net margin of 18.29%. Western Union’s revenue fell 4.5% compared to the same quarter last year. During the same period of the previous year, the company made earnings per share of $0.44. Stock analysts expect The Western Union Company to post EPS of 1.8 for the current year.

Western Union Dividend Announcement

The company also recently announced 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. This represents a dividend of $0.94 on an annualized basis and a yield of 5.52%. The ex-dividend date is Thursday, September 15. Western Union’s payout rate is currently 41.41%.

About Western Union

(Get a rating)

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.

See also

Want to see what other hedge funds hold WU? Visit HoldingsChannel.com for the latest 13F filings and insider trading for The Western Union Company (NYSE:WU – Get Rating).

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



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