Shares of The Western Union Company (NYSE:WU) purchased by ProShare Advisors LLC


ProShare Advisors LLC increased its holdings in The Western Union Company (NYSE:WU – Get Rating) by 57.7% in Q1, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,497 shares of the credit service provider after acquiring an additional 69,331 shares during the period. ProShare Advisors LLC’s holdings in Western Union were worth $3,551,000 when it last filed with the SEC.

Several other large investors have also recently changed their positions in WU. BlackRock Inc. increased its position in Western Union shares by 17.2% in the fourth quarter. BlackRock Inc. now owns 60,702,355 shares of the credit services provider worth $1,082,930,000 after acquiring an additional 8,905,368 shares in the last quarter. Schroder Investment Management Group increased its holdings in Western Union by 121.2% during the fourth quarter. Schroder Investment Management Group now owns 7,143,709 shares of the credit services provider valued at $127,444,000 after buying an additional 3,914,104 shares last quarter. Van ECK Associates Corp increased its stake in Western Union by 9.5% in the first quarter. Van ECK Associates Corp now owns 10,386,720 shares of the credit services provider valued at $194,647,000 after buying an additional 898,992 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $25,510,000 after buying an additional 885,273 shares last quarter. Finally, Squarepoint Ops LLC increased its holdings in Western Union by 346.0% during the 4th quarter. Squarepoint Ops LLC now owns 1,088,945 shares of the credit services provider valued at $19,427,000 after purchasing an additional 844,801 shares last quarter. Institutional investors and hedge funds own 97.43% of the company’s shares.

Western Union trades down 2.0%

Western Union stock opened Wednesday at $15.84. The Western Union Company has a 52 week minimum of $15.30 and a 52 week maximum of $21.97. The company has a market capitalization of $6.11 billion, a price-earnings ratio of 7.10 and a beta of 0.89. The company has a debt ratio of 6.01, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day moving average price of $16.48 and a 200-day moving average price of $17.61.

Western Union (NYSE:WU – Get Rating) last reported quarterly earnings data on Wednesday, August 3. The credit services provider reported 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 of the previous year, the company achieved EPS of $0.48. Research analysts expect The Western Union Company to post EPS of 1.8 for the current year.

Western Union announces dividend

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 an annualized dividend of $0.94 and a dividend yield of 5.93%. Western Union’s dividend payout ratio (DPR) is 42.15%.

Analyst upgrades and downgrades

WU has been the subject of a number of recent analyst reports. UBS Group lowered its price target on Western Union shares from $19.00 to $18.00 and set a “neutral” rating for the company in a Thursday, Aug. 4, report. JPMorgan Chase & Co. cut its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 report. Barclays lowered its price target on Western Union shares to $17.00 in a Monday August 15 report. Northland Securities lowered its price target on Western Union shares from $24.00 to $22.00 in a Thursday, Aug. 4, report. Finally, Goldman Sachs Group cut its price target on Western Union shares from $18.00 to $15.50 and set a “sell” rating for the company in a Monday, Aug. 8 report. Five investment analysts gave the stock a sell rating, eight gave the company a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, Western Union has a consensus rating of “Hold” and an average target price of $18.89.

About Western Union

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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.

Further reading

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



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