Teacher Retirement System of Texas reduced its stake in The Western Union Company (NYSE:WU - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,389 shares of the credit services provider's stock after selling 164,677 shares during the period. Teacher Retirement System of Texas owned 0.06% of Western Union worth $2,078,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Western Union by 171.5% in the fourth quarter. Jones Financial Companies Lllp now owns 17,777 shares of the credit services provider's stock valued at $188,000 after acquiring an additional 11,229 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Western Union in the fourth quarter valued at about $705,000. Amundi grew its stake in shares of Western Union by 190.9% in the fourth quarter. Amundi now owns 334,911 shares of the credit services provider's stock valued at $3,496,000 after acquiring an additional 219,798 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Western Union by 2,188.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 19,678 shares of the credit services provider's stock valued at $209,000 after acquiring an additional 18,818 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Western Union by 0.6% in the fourth quarter. Swiss National Bank now owns 664,300 shares of the credit services provider's stock valued at $7,042,000 after acquiring an additional 3,800 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.
Western Union Price Performance
Western Union stock traded down $0.04 during trading hours on Monday, reaching $8.32. 6,320,975 shares of the stock were exchanged, compared to its average volume of 5,656,453. The company has a market cap of $2.75 billion, a P/E ratio of 3.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. 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 Western Union Company has a twelve month low of $8.25 and a twelve month high of $13.12. The stock has a 50 day moving average of $9.12 and a two-hundred day moving average of $9.95.
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. Western Union had a net margin of 22.08% and a return on equity of 77.19%. The company had revenue of $983.60 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.45 EPS. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. Equities analysts expect that The Western Union Company will post 1.79 EPS for the current fiscal year.
Western Union Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.235 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 11.30%. Western Union's payout ratio is currently 35.07%.
Analyst Ratings Changes
WU has been the topic of several research reports. UBS Group restated a "neutral" rating and issued a $10.50 price target (down from $11.00) on shares of Western Union in a research note on Thursday, April 24th. JMP Securities restated a "market perform" rating on shares of Western Union in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased 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 research note 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 research note on Thursday, April 24th. Finally, Royal Bank Of Canada reduced 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 note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.78.
View Our Latest Analysis on Western Union
Western Union Company Profile
(
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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