Stephens Inc. AR reduced its holdings in The Western Union Company (NYSE:WU – Get Rating) by 32.3% in the first quarter, Holdings Channel reports. The institutional investor held 18,019 shares of the credit service provider after selling 8,586 shares during the quarter. Stephens Inc. AR’s holdings in Western Union were worth $338,000 when it last filed with the Securities and Exchange Commission.
Other hedge funds also bought and sold shares of the company. CWM LLC bought a new position in Western Union in Q4 worth $30,000. Riverview Trust Co increased its stake in Western Union to 99.7% in 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 stake in Western Union to 61.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit service provider worth $47,000 after buying 1,016 additional shares in the last quarter. National Bank of Canada FI bought a new stake in Western Union in the fourth quarter at a value of $49,000. Finally, UMB Bank NA MO bought a new stake in Western Union in the fourth quarter worth $49,000. 97.43% of the shares are currently held by hedge funds and other institutional investors.
Analysts set new price targets
Several research companies have weighed in on WU. TheStreet downgraded Western Union shares from a “b-” rating to a “c+” rating in a Tuesday, July 12 research note. Goldman Sachs Group assumed coverage of Western Union shares in a Tuesday, May 17 research report. They issued a “sell” rating and a price target of $18.00 on the stock. UBS Group lowered its price target on Western Union shares from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. Wolfe Research slashed Western Union shares from a “market performer” rating to an “underperformer” rating and lowered its price target for the company from $20.00 to $17.00 in a Wednesday, July 20 research report. Finally, JPMorgan Chase & Co. cut its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research report. Five equity research 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, the company currently has a consensus rating of “Hold” and an average target price of $19.23.
Western Union trades down 5.6%
NYSE:WU opened at $16.25 on Friday. The Western Union Company has a one-year low of $15.30 and a one-year high of $22.93. The company has a debt ratio of 7.18, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50-day simple moving average is $16.79 and its 200-day simple moving average is $17.79. The company has a market capitalization of $6.27 billion, a P/E ratio of 7.16 and a beta of 0.89.
Western Union (NYSE:WU – Get Rating) last released quarterly earnings data on Wednesday, August 3. The credit services provider reported EPS of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.29% and a return on equity of 269.10%. In the same quarter last year, the company achieved EPS of $0.48. As a group, analysts expect The Western Union Company to post EPS of 1.8 for the current fiscal 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. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $0.94 and a dividend yield of 5.78%. Western Union’s dividend payout ratio is currently 41.41%.
Western Union Profile
(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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