Regentatlantic Capital LLC reduced its position in shares of The Western Union Company (NYSE:WU – Get Rating) by 5.1% in Q1, according to the company in its latest filing with the SEC. The fund held 11,868 shares of the credit service provider after selling 636 shares during the quarter. Regentatlantic Capital LLC’s holdings in Western Union were worth $222,000 when it last filed with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WU. CWM LLC acquired a new position in Western Union during the fourth quarter worth $30,000. Riverview Trust Co increased its stake in Western Union to 99.7% during the first quarter. Riverview Trust Co now owns 2,047 shares of the credit service provider worth $38,000 after buying an additional 1,022 shares in the last quarter. First Horizon Advisors Inc. increased its position in Western Union by 61.1% during the fourth quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit services provider worth $47,000 after buying 1,016 additional shares last quarter. National Bank of Canada FI bought a new position in Western Union during the fourth quarter at a value of $49,000. Finally, UMB Bank NA MO bought a new position in Western Union during the fourth quarter worth $49,000. 97.43% of the shares are held by institutional investors and hedge funds.
Analysts set new price targets
Several research companies have weighed in on WU. Wolfe Research downgraded Western Union from a “market performer” rating to an “underperformer” rating and lowered its price target for the stock from $20.00 to $17.00 in a report of research from Wednesday, July 20. 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. UBS Group began covering Western Union 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 supported coverage of Western Union in a research report on Thursday, March 31. They set a “holding” rating for the company. Finally, Goldman Sachs Group took over Western Union’s coverage in a research report on Tuesday, May 17. They issued a “sell” rating and a price target of $18.00 for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.65.
Western Union price performance
WU stock opened at $16.73 on Monday. The stock has a 50-day moving average price of $16.87 and a two-hundred-day moving average price of $17.89. The Western Union Company has a 12-month low of $15.30 and a 12-month high of $23.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt ratio of 7.18. The company has a market capitalization of $6.46 billion, a PE ratio of 7.37 and a beta of 0.91.
Western Union (NYSE:WU – Get Rating) last released its quarterly results on Thursday, April 28. The credit services provider reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates 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 a consensus estimate of $1.16 billion. In the same quarter a year earlier, the company earned $0.44 per share. The company’s quarterly revenue fell 4.5% from the same quarter last year. As a group, research analysts expect The Western Union Company to post EPS of 1.8 for the current year.
Western Union Dividend Announcement
The company also recently announced 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. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Thursday, September 15. Western Union’s dividend payout ratio is currently 41.41%.
Western Union Company 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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