AE Wealth Management LLC raised its position in shares of The Western Union Company (NYSE:WU – Get Rating) by 34.6% during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company held 283,194 shares of the credit service provider after purchasing an additional 72,761 shares during the quarter. AE Wealth Management LLC’s holdings in Western Union were worth $5,307,000 when it last filed with the SEC.
Several other hedge funds and other institutional investors have also recently changed their holdings in WU. Denali Advisors LLC acquired a new stake in Western Union in Q4 valued at $25,000. CWM LLC acquired a new stake in Western Union in Q4 worth $30,000. Spire Wealth Management acquired a new stake in Western Union in Q4 worth $42,000. Carroll Financial Associates Inc. increased its stake in Western Union by 3,208.6% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,680 shares of the credit service provider valued at $47,000 after acquiring 2,599 additional shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Western Union by 61.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit service provider valued at $47,000 after acquiring 1,016 additional shares during the period. 97.43% of the shares are currently held by institutional investors and hedge funds.
A number of equity research analysts have recently released reports on the stock. UBS Group assumed coverage for Western Union shares in a Thursday, March 31 research note. They issued a “neutral” rating and a price target of $19.00 on the stock. Wolfe Research reaffirmed a “hold” rating and set a target price of $21.00 on Western Union shares in a Friday, March 25 research note. Morgan Stanley reaffirmed a “sell” rating and set a target price of $15.50 on Western Union shares in a Friday, March 11 research note. Citigroup cut Western Union shares from a “buy” rating to a “neutral” rating and set a target price of $20.00 for the stock. in a research note from Friday, April 29. Finally, the Goldman Sachs Group assumed coverage for Western Union shares in a research note on Tuesday, May 17. They set a “sell” rating and a target price of $18.00 on the stock. Four research analysts gave the stock a sell rating, nine gave the company a hold rating and one issued a buy rating. Based on MarketBeat data, Western Union has a consensus rating of “Hold” and a consensus price target of $19.96.
NYSE WU opened at $16.47 on Friday. The Western Union Company has a 52 week low of $15.30 and a 52 week high of $23.68. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt ratio of 7.18. The company’s fifty-day simple moving average is $17.21 and its 200-day simple moving average is $18.05. The company has a market capitalization of $6.36 billion, a PE ratio of 7.26 and a beta of 0.91.
Western Union (NYSE:WU – Get Rating) last released quarterly earnings data on Thursday, April 28. The credit service provider reported earnings per share (EPS) 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, compared to analysts’ estimates of $1.16 billion. Western Union had a net margin of 18.29% and a return on equity of 269.10%. Western Union revenue was down 4.5% year over year. During the same period of the previous year, the company achieved EPS of $0.44. Research analysts expect The Western Union Company to post EPS of 1.8 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Investors of record on Thursday, June 16 received a dividend of $0.235. The ex-dividend date was Wednesday, June 15. This represents an annualized dividend of $0.94 and a yield of 5.71%. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
Western Union Company Profile (Get an evaluation)
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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