SG Americas Securities LLC bought a new position in shares of The Western Union Company (NYSE:WU - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 96,211 shares of the credit services provider's stock, valued at approximately $1,018,000.
Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC raised its position in Western Union by 1,487.6% in the 4th quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock valued at $33,000 after buying an additional 2,886 shares during the last quarter. UMB Bank n.a. raised its position in Western Union by 80.2% in the 1st quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider's stock valued at $35,000 after buying an additional 1,453 shares during the last quarter. Huntington National Bank raised its position in Western Union by 662.7% in the 4th quarter. Huntington National Bank now owns 3,722 shares of the credit services provider's stock valued at $39,000 after buying an additional 3,234 shares during the last quarter. GAMMA Investing LLC raised its position in Western Union by 188.1% in the 1st quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider's stock valued at $40,000 after buying an additional 2,483 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in Western Union by 267.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider's stock valued at $41,000 after buying an additional 2,790 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on WU shares. JMP Securities restated a "market perform" rating on shares of Western Union in a research note on Thursday, April 24th. UBS Group restated a "neutral" rating and issued a $10.50 price objective (down previously from $11.00) on shares of Western Union in a research note on Thursday, April 24th. Monness Crespi & Hardt downgraded Western Union from a "neutral" rating to a "sell" rating and set a $7.50 price objective for the company. in a research note on Thursday, April 24th. Oppenheimer started coverage on Western Union in a research note on Monday, June 2nd. They issued a "market perform" rating for the company. Finally, Susquehanna reduced their price objective on Western Union from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.78.
Get Our Latest Report on WU
Western Union Stock Performance
Shares of WU stock traded up $0.03 on Friday, hitting $8.47. 13,007,668 shares of the stock were exchanged, compared to its average volume of 5,407,226. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $2.80 billion, a PE ratio of 3.16, a P/E/G ratio of 1.27 and a beta of 0.68. The Western Union Company has a one year low of $8.39 and a one year high of $13.12. The firm's 50 day moving average is $9.53 and its two-hundred day moving average is $10.20.
Western Union (NYSE:WU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $983.60 million during the quarter, compared to the consensus estimate of $1.01 billion. Western Union had a return on equity of 77.19% and a net margin of 22.08%. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS. Sell-side analysts expect that The Western Union Company will post 1.79 earnings per share for the current fiscal year.
Western Union Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a yield of 11.10%. Western Union's dividend payout ratio (DPR) is 35.07%.
About Western Union
(
Free Report)
The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.
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