Los Angeles Capital Management LLC reduces its position in The Western Union Company (NYSE:WU)


Los Angeles Capital Management LLC reduced its stake in shares of The Western Union Company (NYSE: WU – Get Rating) by 42.1% during Q1, according to its latest SEC filing. The company held 222,693 shares of the credit service provider after selling 162,037 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Western Union worth $4,173,000 when it last filed with the SEC.

A number of other institutional investors have also recently changed their positions in the stock. Tortoise Index Solutions LLC increased its holdings of Western Union shares by 4.0% in the fourth quarter. Tortoise Index Solutions LLC now owns 13,894 shares of the credit services provider worth $248,000 after acquiring an additional 540 shares during the period. FCF Advisors LLC increased its position in Western Union shares by 2.7% during the 1st quarter. FCF Advisors LLC now owns 25,304 shares of the credit service provider valued at $474,000 after purchasing an additional 661 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Western Union shares by 4.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 15,906 shares of the credit services provider worth $284,000 after purchasing an additional 694 shares during the period. Parallel Advisors LLC increased its holdings of Western Union shares by 22.2% in the first quarter. Parallel Advisors LLC now owns 3,882 shares of the credit services provider worth $75,000 after buying 705 additional shares in the last quarter. Finally, Boyar Asset Management Inc. increased its position in Western Union by 2.6% during the first quarter. Boyar Asset Management Inc. now owns 39,030 shares of the credit service provider valued at $731,000 after purchasing 993 additional shares during the period. Hedge funds and other institutional investors hold 97.43% of the company’s shares.

Western Union trades up 0.7%

Shares of WU opened at $16.37 on Monday. The company has a debt ratio of 6.01, a current ratio of 0.99 and a quick ratio of 0.98. The Western Union Company has a 1-year low of $15.30 and a 1-year high of $22.93. The company has a 50-day simple moving average of $16.76 and a two-hundred-day simple moving average of $17.77. The company has a market capitalization of $6.32 billion, a P/E ratio of 7.34 and a beta of 0.89.

Western Union (NYSE:WU – Get Rating) last reported quarterly earnings data on Wednesday, August 3. The credit services provider reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates 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 quarter last year, the company posted earnings per share of $0.48. On average, stock analysts expect The Western Union Company to post earnings per share of 1.8 for the current fiscal 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. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Thursday, September 15. Western Union’s dividend payout ratio (DPR) is currently 42.15%.

Changes to analyst ratings

Several brokerages have recently weighed in on WU. UBS Group lowered its price target on Western Union shares from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the company. in a research report on Friday, April 29. Northland Securities lowered its price target on Western Union from $24.00 to $22.00 in a research report on Thursday. Wolfe Research downgraded Western Union shares from a “market performance” rating to an “underperform” rating and reduced its target price for the stock from $20.00 to $17.00 in a report of Wednesday July 20. Finally, the Goldman Sachs group began covering Western Union shares in a research report on Tuesday, May 17. They issued a “sell” rating and a price target of $18.00 for the company. 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 MarketBeat data, Western Union currently has an average rating of “Hold” and an average target price of $19.23.

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



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