The Western Union Company (NYSE:WU) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in The Western Union Company (NYSE:WU - Free Report) by 80.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 69,197 shares of the credit services provider's stock after buying an additional 30,869 shares during the period. Quantinno Capital Management LP's holdings in Western Union were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Western Union during the fourth quarter worth $25,000. Independence Bank of Kentucky acquired a new position in shares of Western Union during the fourth quarter worth $28,000. Huntington National Bank lifted its position in shares of Western Union by 662.7% during the fourth quarter. Huntington National Bank now owns 3,722 shares of the credit services provider's stock worth $39,000 after purchasing an additional 3,234 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of Western Union by 267.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider's stock worth $41,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Western Union by 1,734.7% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on WU shares. Royal Bank of Canada cut 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. JMP Securities reaffirmed a "market perform" rating on shares of Western Union in a report on Thursday, April 24th. Morgan Stanley cut their price target on shares of Western Union from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Wednesday, February 5th. Susquehanna cut their price target on shares of Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reiterated a "neutral" rating and set a $10.50 target price (down previously from $11.00) on shares of Western Union in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Western Union has an average rating of "Hold" and an average target price of $10.78.

Western Union Stock Performance

Shares of Western Union stock traded up $0.08 during trading on Tuesday, hitting $9.48. 7,957,485 shares of the stock were exchanged, compared to its average volume of 5,109,377. The stock's fifty day moving average is $9.96 and its 200 day moving average is $10.43. The stock has a market cap of $3.13 billion, a PE ratio of 3.47, a P/E/G ratio of 1.32 and a beta of 0.72. 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.

Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $983.60 million during the quarter, compared to analyst estimates of $1.01 billion. Western Union had a net margin of 22.19% and a return on equity of 96.90%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side analysts anticipate that The Western Union Company will post 1.79 EPS for the current year.

Western Union Dividend Announcement

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. The ex-dividend date is Monday, June 16th. This represents a $0.94 annualized dividend and a dividend yield of 9.92%. Western Union's dividend payout ratio is currently 35.07%.

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.