Xponance Inc. reduced its stake in The Western Union Company (NYSE:WU – Get Rating) by 9.6% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 53,280 shares of the credit service provider after selling 5,679 shares during the quarter. Xponance Inc.’s holdings in Western Union were worth $998,000 when it last filed with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Centennial Wealth Advisory LLC bought a new position in Western Union in Q1 worth approximately $234,000. Rockland Trust Co. increased its position in Western Union shares by 38.4% during the first quarter. Rockland Trust Co. now owns 48,354 shares of the credit service provider worth $906,000 after purchasing an additional 13,418 shares during the period. AE Wealth Management LLC increased its position in Western Union shares by 34.6% during the 1st quarter. AE Wealth Management LLC now owns 283,194 shares of the credit service provider worth $5,307,000 after purchasing an additional 72,761 shares during the period. IFM Investors Pty Ltd increased its position in Western Union shares by 21.4% during the 1st quarter. IFM Investors Pty Ltd now owns 78,188 shares of the credit services provider worth $1,465,000 after buying an additional 13,797 shares during the period. Finally, Cantor Fitzgerald Investment Advisor LP increased its position in Western Union shares by 63.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor LP now owns 70,974 shares of the credit services provider worth $1,330,000 after purchasing an additional 27,469 shares during the period. 97.43% of the shares are held by hedge funds and other institutional investors.
Shares of WU opened at $16.77 on Wednesday. The company has a debt ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $6.47 billion, a P/E ratio of 7.39 and a beta of 0.91. The stock has a 50-day moving average price of $17.08 and a 200-day moving average price of $18.02. The Western Union Company has a fifty-two week low of $15.30 and a fifty-two week high of $23.68.
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 analyst consensus estimates of $0.44 by $0.07. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company posted revenue of $1.16 billion for the quarter, versus $1.16 billion expected by analysts. In the same period a year earlier, the company posted earnings of $0.44 per share. The company’s quarterly revenue was down 4.5% year over year. As a group, stock analysts predict The Western Union Company will post 1.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Thursday, June 16 received a dividend of $0.235. This represents an annualized dividend of $0.94 and a dividend yield of 5.61%. The ex-dividend date was Wednesday, June 15. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
Several analysts have recently released reports on WU shares. Goldman Sachs Group began covering Western Union shares in a research report on Tuesday, May 17. They issued a “sell” rating and a price target of $18.00 for the company. Citigroup downgraded Western Union 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. JPMorgan Chase & Co. cut its price target on Western Union from $20.00 to $19.00 in a Friday, April 29 report. StockNews.com began covering Western Union in a report on Thursday, March 31. They issued a “maintaining” rating for the company. Finally, UBS Group began covering Western Union in a report on Thursday, March 31. They set a “neutral” rating and a target price of $19.00 for the company. Four 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 target price of $19.96.
About Western Union (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.
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