Signaturefd LLC reduced its stake in The Western Union Company (NYSE:WU – Get Rating) by 16.1% during the 1st quarter, according to its latest 13F filing with the Securities & Exchange Commission. The company held 3,270 shares of the credit service provider after selling 627 shares during the period. Signaturefd LLC’s holdings in Western Union were worth $61,000 when it last filed with the SEC.
Other institutional investors have also recently increased or reduced their stake in the company. CWM LLC acquired a new position in Western Union during Q4 worth approximately $30,000. Riverview Trust Co increased its position in Western Union by 99.7% during the 1st quarter. Riverview Trust Co now owns 2,047 shares of the credit service provider worth $38,000 after purchasing an additional 1,022 shares during the period. First Horizon Advisors Inc. increased its position in Western Union by 61.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit service provider worth $47,000 after purchasing 1,016 additional shares during the period. National Bank of Canada FI acquired a new position in Western Union during the 4th quarter worth approximately $49,000. Finally, UMB Bank NA MO acquired a new position in Western Union during Q4 worth approximately $49,000. Institutional investors and hedge funds own 97.43% of the company’s shares.
Analysts set new price targets
Several stock analysts have released reports on WU shares. Goldman Sachs Group began covering Western Union in a research report on Tuesday, May 17. They set a “sell” rating and a target price of $18.00 on the stock. UBS Group assumed cover for Western Union in a Thursday, March 31 report. They issued a “neutral” rating and a price target of $19.00 on the stock. JPMorgan Chase & Co. lowered its price target on Western Union from $20.00 to $19.00 in a Friday, April 29 report. Wolfe Research downgraded Western Union 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 Wednesday, July 20. Finally, Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the stock. in a report on Friday, April 29. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.65.
Western Union trades up 0.9%
Shares of WU opened at $16.94 on Friday. 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 $6.54 billion, a P/E ratio of 7.46 and a beta of 0.91. The stock’s fifty-day simple moving average is $16.84 and its 200-day simple moving average is $17.85. The Western Union Company has a 12-month low of $15.30 and a 12-month high of $23.49.
Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit service provider reported earnings per share of $0.51 for the quarter, beating the consensus estimate of $0.44 by $0.07. The company posted revenue of $1.16 billion for the quarter, versus analyst estimates of $1.16 billion. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company’s quarterly revenue was down 4.5% year over year. During the same period last year, the company posted EPS of $0.44. On average, stock research analysts expect The Western Union Company to post 1.8 earnings per share for the current year.
Western Union announces dividend
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 an annualized dividend of $0.94 and a dividend yield of 5.55%. The ex-dividend date is Thursday, September 15. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
About Western Union
(Get a rating)
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.
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).
Get news and reviews for Western Union Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Western Union and related companies with MarketBeat.com’s free daily email newsletter.