Shares of The Western Union Company (NYSE:WU) sold by Signaturefd LLC


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.

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



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