Deutsche Bank AG Sells 553,347 Shares of The Western Union Company (NYSE:WU)

Deutsche Bank AG decreased its stake in The Western Union Company (NYSE:WU - Free Report) by 92.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,261 shares of the credit services provider's stock after selling 553,347 shares during the period. Deutsche Bank AG's holdings in Western Union were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Western Union in the fourth quarter valued at about $25,000. Independence Bank of Kentucky acquired a new stake in Western Union during the fourth quarter worth approximately $28,000. Huntington National Bank grew its stake in 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 during the period. Coppell Advisory Solutions LLC grew its stake in 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 during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in 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 during the period. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

WU has been the subject of several recent analyst reports. Susquehanna decreased their target price on Western Union from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on Western Union from $12.00 to $11.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada cut their price target on Western Union from $14.00 to $13.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley cut their price target on Western Union from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Wednesday, February 5th. Finally, JMP Securities reiterated a "market perform" rating on shares of Western Union in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.78.

Western Union Stock Down 0.5%

Shares of WU stock traded down $0.05 during trading hours on Friday, reaching $9.27. The company had a trading volume of 7,352,026 shares, compared to its average volume of 5,155,245. The Western Union Company has a 12 month low of $9.00 and a 12 month high of $13.12. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.20 and a quick ratio of 1.10. The business has a fifty day simple moving average of $9.86 and a 200-day simple moving average of $10.40. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 3.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $983.60 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, research analysts expect that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Monday, June 16th. Western Union's dividend payout ratio (DPR) is presently 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.