IFM Investors Pty Ltd increased its stake in The Western Union Company (NYSE:WU – Get Rating) by 21.4% in the first quarter, HoldingsChannel reports. The company held 78,188 shares of the credit service provider after acquiring 13,797 additional shares during the quarter. IFM Investors Pty Ltd’s holdings in Western Union were worth $1,465,000 when it last filed with the SEC.
Other large investors have also recently increased or reduced their stake in the company. Xponance Inc. increased its stake in Western Union by 90.1% in the fourth quarter. Xponance Inc. now owns 58,959 shares of the credit service provider valued at $1,052,000 after purchasing an additional 27,943 shares during the period. Principal Financial Group Inc. increased its stake 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 buying 885,273 additional shares in the last quarter. Retirement Systems of Alabama increased its stake in Western Union by 277.2% in the fourth quarter. Retirement Systems of Alabama now owns 526,419 shares of the credit service provider worth $9,391,000 after purchasing an additional 386,875 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Western Union by 103.8% during the 4th quarter. The Oregon Public Employees Retirement Fund now owns 254,309 shares of the credit service provider worth $4,537,000 after buying an additional 129,500 shares in the last quarter. Finally, Twin Tree Management LP increased its stake in Western Union by 901.5% during the 4th quarter. Twin Tree Management LP now owns 336,443 shares of the credit services provider worth $6,002,000 after buying an additional 302,850 shares in the last quarter. Hedge funds and other institutional investors own 97.43% of the company’s shares.
WU has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed a “hold” rating and set a price target of $21.00 on Western Union shares in a Friday, March 25 report. Goldman Sachs Group launched coverage on Western Union in a Tuesday, May 17 report. They set a rating of “sell” and a price target of $18.00 for the company. JPMorgan Chase & Co. cut its price target on Western Union from $20.00 to $19.00 in a Friday, April 29 report. UBS Group began covering Western Union in a report on Thursday, March 31. They set a “neutral” rating and a price target of $19.00 for the company. Finally, StockNews.com began covering Western Union in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Four research analysts gave the stock a sell rating, nine gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, Western Union currently has an average rating of “Hold” and a consensus target price of $19.96.
Shares of WU opened at $16.81 on Friday. The stock has a market capitalization of $6.49 billion, a PE ratio of 7.41 and a beta of 0.91. The Western Union Company has a 52-week low of $15.30 and a 52-week high of $23.68. The stock’s 50-day moving average price is $17.17 and its 200-day moving average price is $18.04. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt ratio of 7.18.
Western Union (NYSE:WU – Get Rating) last released its quarterly results on Thursday, April 28. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating the consensus estimate of $0.44 by $0.07. The company posted revenue of $1.16 billion for the quarter, versus $1.16 billion for analysts. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company’s revenue for the quarter was down 4.5% year over year. In the same quarter a year earlier, the company posted EPS of $0.44. Analysts expect The Western Union Company to post earnings per share of 1.8 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Investors of record on Thursday, June 16 received a dividend of $0.235. This represents an annualized dividend of $0.94 and a yield of 5.59%. The ex-dividend date was Wednesday, June 15. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
Western Union profile (Get an evaluation)
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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