National Asset Management Inc. increased its position in shares of The Western Union Company (NYSE:WU – Get Rating) by 5.1% in Q1, reports HoldingsChannel.com. The company held 23,893 shares of the credit service provider after acquiring 1,158 additional shares during the period. National Asset Management Inc.’s holdings in Western Union were worth $448,000 at the end of the most recent period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Western Union shares by 17.2% in the fourth quarter. BlackRock Inc. now owns 60,702,355 shares of the credit service provider valued at $1,082,930,000 after purchasing an additional 8,905,368 shares in the last quarter. Schroder Investment Management Group increased its position in Western Union shares by 121.2% in the fourth quarter. Schroder Investment Management Group now owns 7,143,709 shares of the credit services provider valued at $127,444,000 after buying an additional 3,914,104 shares in the last quarter. Discerene Group LP increased its position in Western Union shares by 138.6% in the fourth quarter. Discerene Group LP now owns 5,681,336 shares of the credit services provider valued at $101,355,000 after buying 3,299,899 additional shares in the last quarter. Principal Financial Group Inc. increased its position in Western Union shares by 162.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,429,917 shares of the credit service provider valued at $25,510,000 after purchasing an additional 885,273 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Western Union shares by 346.0% in the fourth quarter. Squarepoint Ops LLC now owns 1,088,945 shares of the credit services provider valued at $19,427,000 after purchasing an additional 844,801 shares in the last quarter. 97.43% of the shares are currently held by hedge funds and other institutional investors.
Western Union stock performance
NYSE:WU opened at $16.94 on Friday. The company has a quick ratio of 0.98, a current 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 Western Union Company has a fifty-two week low of $15.30 and a fifty-two week high of $23.49. The company’s 50-day moving average is $16.84 and its two-hundred-day moving average is $17.85.
Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit service provider reported EPS of $0.51 for the quarter, beating consensus analyst estimates of $0.44 by $0.07. Western Union had a net margin of 18.29% and a return on equity of 269.10%. The company posted revenue of $1.16 billion for the quarter, versus a consensus estimate of $1.16 billion. During the same quarter last year, the company posted EPS of $0.44. The company’s revenue for the quarter was down 4.5% from the same quarter last year. Analysts expect The Western Union Company to post EPS of 1.8 for the current year.
Western Union announces dividend
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. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Thursday, September 15. Western Union’s dividend payout ratio is currently 41.41%.
Changes to analyst ratings
Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research report. Goldman Sachs Group launched coverage on Western Union shares in a research report on Tuesday, May 17. They issued a “sell” rating and a price target of $18.00 on the stock. Wolfe Research downgraded Western Union shares from a “market performance” rating to an “underperform” rating and lowered its target price for the stock from $20.00 to $17.00 in a Wednesday, July 20 research report. Citigroup downgraded 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 report on Friday, April 29. Finally, StockNews.com launched coverage on Western Union stocks in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Five analysts gave the stock a sell rating, eight gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.65.
Western Union Company 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.
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.