Gilman Hill Asset Management LLC Has $7.84 Million Position in The Western Union Company (NYSE:WU)

Gilman Hill Asset Management LLC lifted its position in The Western Union Company (NYSE:WU - Free Report) by 56.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 741,320 shares of the credit services provider's stock after purchasing an additional 268,494 shares during the period. Western Union comprises 1.4% of Gilman Hill Asset Management LLC's portfolio, making the stock its 21st largest holding. Gilman Hill Asset Management LLC owned approximately 0.22% of Western Union worth $7,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Western Union during the fourth quarter worth $25,000. McIlrath & Eck LLC increased its position in shares of Western Union by 1,487.6% during the fourth quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock worth $33,000 after purchasing an additional 2,886 shares in the last quarter. Huntington National Bank grew its position in shares of Western Union by 662.7% in the fourth quarter. Huntington National Bank now owns 3,722 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 3,234 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings 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 purchasing an additional 2,790 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Western Union by 1,734.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,862 shares of the credit services provider's stock worth $52,000 after purchasing an additional 4,597 shares during the period. Institutional investors own 91.81% of the company's stock.

Western Union Price Performance

Western Union stock traded up $0.17 during trading hours on Friday, hitting $9.47. 3,692,129 shares of the stock were exchanged, compared to its average volume of 5,175,274. The business's 50-day moving average is $9.76 and its two-hundred day moving average is $10.36. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.10 and a current ratio of 1.20. The Western Union Company has a 12 month low of $9.00 and a 12 month high of $13.12. The stock has a market capitalization of $3.13 billion, a P/E ratio of 3.47, a P/E/G ratio of 1.32 and a beta of 0.68.

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, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $983.60 million for the quarter, compared to the consensus estimate of $1.01 billion. Western Union had a return on equity of 96.90% and a net margin of 22.19%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. Equities research analysts expect that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend is Monday, June 16th. Western Union's dividend payout ratio (DPR) is presently 35.07%.

Wall Street Analysts Forecast Growth

WU has been the topic of several recent research reports. UBS Group restated a "neutral" rating and set a $10.50 price target (down previously from $11.00) on shares of Western Union in a report on Thursday, April 24th. Susquehanna lowered their price objective 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. Oppenheimer started coverage on shares of Western Union in a research report on Monday. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Western Union from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price objective on Western Union from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $10.78.

Western Union Profile

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.