Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Western Union Company (NYSE:WU – Get Rating) by 28.2% in the 1st quarter, reports HoldingsChannel. The fund held 109,048 shares of the credit service provider after acquiring an additional 23,957 shares during the period. Zurich Cantonal Bank’s holdings in Western Union were worth $2,044,000 when it last filed with the SEC.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. LPL Financial LLC increased its position in Western Union shares by 19.0% during the third quarter. LPL Financial LLC now owns 63,311 shares of the credit service provider worth $1,280,000 after purchasing an additional 10,124 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Western Union shares by 308.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 103,300 shares of the credit service provider worth $1,843,000 after purchasing an additional 78,000 shares in the last quarter. Spire Wealth Management purchased a new equity stake in Western Union during Q4 for a value of approximately $42,000. M&G Investment Management Ltd. increased its position in Western Union shares by 2.7% during the 4th quarter. M&G Investment Management Ltd. now owns 40,927 shares of the credit services provider worth $737,000 after buying 1,084 additional shares in the last quarter. Finally, NuWave Investment Management LLC increased its position in Western Union shares by 97.8% during the 4th quarter. NuWave Investment Management LLC now owns 17,727 shares of the credit service provider worth $316,000 after purchasing an additional 8,766 shares in the last quarter. Institutional investors hold 97.43% of the company’s shares.
Western Union shares opened at $16.55 on Friday. 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 $23.68. The company has a market capitalization of $6.39 billion, a P/E ratio of 7.29 and a beta of 0.91. The company has a fifty-day moving average of $16.99 and a two-hundred-day moving average of $18.00.
Western Union (NYSE:WU – Get Rating) last released its quarterly results on Thursday, April 28. The credit service provider reported earnings per share of $0.51 for the quarter, beating analysts’ consensus estimate of $0.44 by $0.07. Western Union had a net margin of 18.29% and a return on equity of 269.10%. The company posted revenue of $1.16 billion for the quarter, versus $1.16 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.44. The company’s revenue for the quarter was down 4.5% year over year. As a group, stock analysts predict The Western Union Company will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Thursday, June 16 received a dividend of $0.235 per share. The ex-dividend date was Wednesday, June 15. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.68%. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
Several analysts have recently weighed in on the stock. Goldman Sachs Group launched coverage on Western Union shares in a research report on Tuesday, May 17. They set a rating of “sell” and a price target of $18.00 for the company. Wolfe Research reiterated a “hold” rating and issued a $21.00 price target on Western Union shares in a research report on Friday, March 25. JPMorgan Chase & Co. cut its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research report. StockNews.com launched coverage on Western Union shares in a research report on Thursday, March 31. They issued a “holding” rating for the company. Finally, 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. Four analysts have assigned the stock a sell rating, nine have issued a hold rating and one has assigned the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.96.
About Western Union (Get an assessment)
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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