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
(Get an assessment)
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 the latest news and analyst ratings for Western Union and related companies with MarketBeat.com’s free daily email newsletter.