Victory Capital Management Inc. grew its position in shares of The Western Union Company (NYSE:WU - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 513,696 shares of the credit services provider's stock after buying an additional 43,580 shares during the quarter. Victory Capital Management Inc. owned 0.16% of Western Union worth $5,435,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC lifted its position in Western Union by 1,487.6% in the fourth quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock valued at $33,000 after purchasing an additional 2,886 shares during the period. UMB Bank n.a. lifted its holdings in shares of Western Union by 80.2% in the 1st 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. Huntington National Bank boosted its stake 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 buying an additional 3,234 shares in the last quarter. GAMMA Investing LLC grew its holdings in Western Union by 188.1% during the first quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider's stock worth $40,000 after acquiring an additional 2,483 shares during the period. Finally, Coppell Advisory Solutions LLC raised its position in Western Union by 267.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider's stock worth $41,000 after acquiring an additional 2,790 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company's stock.
Western Union Price Performance
Shares of NYSE:WU traded up $0.01 on Wednesday, hitting $8.10. The company had a trading volume of 12,432,235 shares, compared to its average volume of 9,126,521. The Western Union Company has a 52-week low of $7.99 and a 52-week high of $12.40. The company has a market cap of $2.62 billion, a PE ratio of 3.07, a PEG ratio of 1.44 and a beta of 0.65. The business has a 50 day moving average of $8.75 and a 200 day moving average of $9.77. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.11.
Western Union (NYSE:WU - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The credit services provider reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Western Union had a net margin of 21.83% and a return on equity of 66.11%. The company's revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. As a group, equities analysts anticipate that The Western Union Company will post 1.79 earnings per share for the current fiscal year.
Western Union Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.235 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.94 annualized dividend and a yield of 11.60%. Western Union's payout ratio is 35.61%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Western Union from $10.50 to $8.50 and set a "neutral" rating on the stock in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Western Union from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. set a $10.00 target price on shares of Western Union in a report on Tuesday. Keefe, Bruyette & Woods decreased their price target on Western Union from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Tuesday. Finally, Susquehanna dropped their price objective on Western Union from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.83.
Read Our Latest Report on WU
About Western Union
(
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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