Robeco Institutional Asset Management B.V. Sells 132,856 Shares of The Western Union Company (NYSE:WU)

Robeco Institutional Asset Management B.V. decreased its stake in shares of The Western Union Company (NYSE:WU - Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662,311 shares of the credit services provider's stock after selling 132,856 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.20% of Western Union worth $7,007,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Western Union by 4.6% in the fourth quarter. Captrust Financial Advisors now owns 22,298 shares of the credit services provider's stock worth $236,000 after acquiring an additional 982 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Western Union by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 239,236 shares of the credit services provider's stock worth $2,530,000 after acquiring an additional 1,085 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of 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 acquiring an additional 1,393 shares during the period. UMB Bank n.a. grew its position in Western Union by 80.2% during the first 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 period. Finally, Focus Partners Wealth grew its position in Western Union by 11.7% during the fourth quarter. Focus Partners Wealth now owns 14,233 shares of the credit services provider's stock valued at $151,000 after buying an additional 1,493 shares during the period. Hedge funds and other institutional investors own 91.81% of the company's stock.

Western Union Stock Performance

WU stock opened at $8.38 on Monday. 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 business's fifty day simple moving average is $9.40 and its two-hundred day simple moving average is $10.11. The Western Union Company has a twelve month low of $8.32 and a twelve month high of $13.12. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 3.13, a PEG ratio of 1.26 and a beta of 0.68.

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

Western Union Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 11.22%. The ex-dividend date of this dividend is Monday, June 16th. Western Union's payout ratio is 35.07%.

Analyst Ratings Changes

Several analysts recently issued reports on WU shares. Susquehanna cut their target price on shares of Western Union from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Monness Crespi & Hardt downgraded shares of Western Union from a "neutral" rating to a "sell" rating and set a $7.50 price target on the stock. in a report on Thursday, April 24th. Oppenheimer initiated coverage on shares of Western Union in a report on Monday, June 2nd. They set a "market perform" rating on the stock. Royal Bank Of Canada lowered their price target on shares of Western Union from $14.00 to $13.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Western Union from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, Western Union currently has an average rating of "Hold" and an average price target 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.

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