Park Avenue Securities LLC Takes New Position in The Western Union Company (NYSE: WU)


Park Avenue Securities LLC bought a new stock position in The Western Union Company (NYSE:WU – Get Rating) in Q1, Holdings Channel reports. The company bought 10,253 shares of the credit service provider, valued at around $192,000.

Several other institutional investors and hedge funds have also recently increased or reduced their stakes in WU. Strs Ohio increased its holdings in Western Union by 4.1% during the fourth quarter. Strs Ohio now owns 17,317 shares of the credit service provider worth $308,000 after acquiring 683 additional shares in the last quarter. National Bank of Canada FI acquired a new position in Western Union during the 4th quarter worth approximately $49,000. Signaturefd LLC increased its holdings in Western Union by 781.7% during the 4th quarter. Signaturefd LLC now owns 3,897 shares of the credit service provider worth $70,000 after acquiring 3,455 additional shares in the last quarter. NN Investment Partners Holdings NV increased its stake in Western Union by 27.6% during the 4th quarter. NN Investment Partners Holdings NV now owns 251,352 shares of the credit services provider worth $4,485,000 after acquiring an additional 54,384 shares last quarter. Finally, Brown Advisory Inc. increased its stake in Western Union by 15.2% during the 4th quarter. Brown Advisory Inc. now owns 226,427 shares of the credit service provider worth $4,039,000 after acquiring 29,837 additional shares last quarter. Institutional investors and hedge funds own 97.43% of the company’s shares.

Analyst upgrades and downgrades

Several research analysts have commented on WU shares. Wolfe Research downgraded Western Union shares from a “market performance” rating to an “underperform” rating and lowered its price target for the stock from $20.00 to $17.00 in a report from Wednesday, July 20. Citigroup downgraded Western Union shares 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. UBS Group began covering Western Union shares in a research report on Thursday, March 31. They set a “neutral” rating and a price target of $19.00 for the company. StockNews.com launched coverage on Western Union shares in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, the Goldman Sachs group began covering Western Union shares in a research note on Tuesday, May 17. They set a rating of “sell” and a price target of $18.00 on the stock. 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 a consensus rating of “Hold” and a consensus target price of $19.65.

Western Union trades up 0.9%

NYSE WU shares opened at $16.94 on Friday. The stock has a market capitalization of $6.54 billion, a price-earnings ratio of 7.46 and a beta of 0.91. The company has a 50-day simple moving average of $16.84 and a 200-day simple moving average of $17.85. The Western Union Company has a 52 week minimum of $15.30 and a 52 week maximum of $23.49. The company has a debt ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98.

Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit services provider reported earnings per share of $0.51 for the quarter, beating the consensus estimate of $0.44 by $0.07. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company posted revenue of $1.16 billion in the quarter, versus analyst estimates of $1.16 billion. During the same period of the previous year, the company achieved EPS of $0.44. The company’s revenue for the quarter was down 4.5% year over year. On average, research 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. The ex-dividend date is Thursday, September 15. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.55%. Western Union’s dividend payout ratio (DPR) is currently 41.41%.

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.

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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