Vestmark Advisory Solutions Inc. Terminates Its Stake in The Western Union Company (NYSE: WU)


Vestmark Advisory Solutions Inc. reduced its stake in The Western Union Company (NYSE:WU – Get Rating) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 15,795 shares of the credit service provider after selling 2,214 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Western Union were worth $296,000 when it last filed with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also bought and sold shares of WU. Spire Wealth Management bought a new stake in Western Union in the fourth quarter worth $42,000. Parallel Advisors LLC increased its position in Western Union shares by 548.4% during the 4th quarter. Parallel Advisors LLC now owns 3,177 shares of the credit service provider worth $57,000 after buying 2,687 additional shares in the last quarter. AE Wealth Management LLC increased its position in Western Union shares by 23.6% during the fourth quarter. AE Wealth Management LLC now owns 210,433 shares of the credit services provider worth $3,754,000 after purchasing an additional 40,210 shares last quarter. Retirement Systems of Alabama increased its position in Western Union shares by 277.2% during the fourth quarter. Retirement Systems of Alabama now owns 526,419 shares of the credit service provider worth $9,391,000 after purchasing an additional 386,875 shares last quarter. Finally, Russell Investments Group Ltd. increased its position in Western Union shares by 9.1% during the 4th quarter. Russell Investments Group Ltd. now owns 846,721 shares of the credit service provider worth $15,112,000 after purchasing an additional 70,317 shares last quarter. Hedge funds and other institutional investors own 97.43% of the company’s shares.

A Wall Street analyst gives his opinion

Several brokerages have weighed in on WU. TheStreet downgraded Western Union from a “b-” rating to a “c+” rating in a Tuesday, July 12 report. Wolfe Research reaffirmed a “holding” rating and set a price target of $21.00 on Western Union shares in a Friday, March 25 research report. JPMorgan Chase & Co. lowered its price target on Western Union from $20.00 to $19.00 in a Friday, April 29 research report. Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a target price of $20.00 for the company. in a research report on Friday, April 29. Finally, StockNews.com began covering Western Union in a research note on Thursday, March 31. They set a “holding” rating for the company. Four investment analysts gave the stock a sell rating, nine gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.96.

Western Union price performance

Shares of WU opened at $16.33 on Monday. The Western Union Company has a 52-week low of $15.30 and a 52-week high of $23.68. The stock has a market capitalization of $6.30 billion, a PE ratio of 7.19 and a beta of 0.91. The company has a debt ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day moving average price is $16.89 and its two-hundred-day moving average price is $17.95.

Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit services provider reported earnings per share of $0.51 for the quarter, beating the consensus estimate 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, compared to analysts’ estimates of $1.16 billion. During the same period last year, the company posted earnings per share of $0.44. The company’s revenue for the quarter was down 4.5% from the same quarter last year. As a group, analysts expect The Western Union Company to post EPS of 1.8 for the current year.

Western Union announces dividend

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 per share. The ex-dividend date was Wednesday, June 15. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.76%. Western Union’s payout rate is 41.41%.

Western Union profile

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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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