CWA Asset Management Group LLC Has $1.25 Million Holdings in The Western Union Company (NYSE:WU)

CWA Asset Management Group LLC increased its position in shares of The Western Union Company (NYSE:WU - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,063 shares of the credit services provider's stock after purchasing an additional 30,134 shares during the period. CWA Asset Management Group LLC's holdings in Western Union were worth $1,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its holdings in Western Union by 72.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 95,460 shares of the credit services provider's stock worth $1,007,000 after purchasing an additional 39,982 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Western Union by 35.2% in the first quarter. Janney Montgomery Scott LLC now owns 229,360 shares of the credit services provider's stock worth $2,427,000 after buying an additional 59,777 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Western Union by 16.2% in the first quarter. Exchange Traded Concepts LLC now owns 71,586 shares of the credit services provider's stock worth $757,000 after buying an additional 9,980 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Western Union by 47.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 122,813 shares of the credit services provider's stock worth $1,299,000 after buying an additional 39,382 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Western Union by 2.3% in the first quarter. SummerHaven Investment Management LLC now owns 62,824 shares of the credit services provider's stock worth $665,000 after buying an additional 1,393 shares during the last quarter. Institutional investors own 91.81% of the company's stock.

Western Union Stock Down 0.4%

Shares of NYSE:WU traded down $0.03 during trading on Monday, reaching $8.45. 5,675,686 shares of the company traded hands, compared to its average volume of 5,408,312. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.97. The Western Union Company has a 1-year low of $8.37 and a 1-year high of $13.12. The firm has a fifty day simple moving average of $9.50 and a 200 day simple moving average of $10.17. The firm has a market cap of $2.79 billion, a P/E ratio of 3.15, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68.

Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Western Union had a net margin of 22.08% and a return on equity of 77.19%. The business had revenue of $983.60 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.45 EPS. Western Union's quarterly revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Monday, June 16th. Western Union's payout ratio is presently 35.07%.

Analyst Ratings Changes

Several research analysts have issued reports on WU shares. Oppenheimer started coverage on shares of Western Union in a research report on Monday, June 2nd. They issued a "market perform" rating on the stock. Susquehanna decreased their price target on shares of Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. JMP Securities restated a "market perform" rating on shares of Western Union in a research report on Thursday, April 24th. Royal Bank Of Canada lowered their price objective on shares of Western Union from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Finally, Monness Crespi & Hardt cut shares of Western Union from a "neutral" rating to a "sell" rating and set a $7.50 price objective on the stock. in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.78.

About Western Union

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.