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The Western Union Company (NYSE:WU) Shares Sold by Y Intercept Hong Kong Ltd

Western Union logo with Business Services background

Y Intercept Hong Kong Ltd lowered its holdings in The Western Union Company (NYSE:WU - Free Report) by 74.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,713 shares of the credit services provider's stock after selling 110,975 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Western Union were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC increased its position in Western Union by 1,487.6% during the fourth quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock valued at $33,000 after acquiring an additional 2,886 shares during the last quarter. UMB Bank n.a. increased 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 acquiring an additional 1,453 shares during the last quarter. Huntington National Bank increased its position 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 valued at $39,000 after acquiring an additional 3,234 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $40,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position 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 valued at $41,000 after acquiring an additional 2,790 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada reduced their price objective on Western Union from $13.00 to $9.00 and set a "sector perform" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $10.00 price target (down previously from $11.00) on shares of Western Union in a report on Tuesday. JPMorgan Chase & Co. set a $10.00 price target on Western Union in a report on Tuesday. Barclays set a $8.00 price target on Western Union and gave the company an "underweight" rating in a report on Thursday. Finally, JMP Securities reissued a "market perform" rating on shares of Western Union in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $8.61.

Check Out Our Latest Report on WU

Western Union Stock Performance

Shares of WU stock traded down $0.10 on Friday, hitting $7.96. The company had a trading volume of 4,795,295 shares, compared to its average volume of 7,224,762. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.11. The Western Union Company has a twelve month low of $7.95 and a twelve month high of $12.40. The company has a 50-day moving average price of $8.71 and a 200-day moving average price of $9.75. The firm has a market cap of $2.57 billion, a P/E ratio of 3.01, a price-to-earnings-growth ratio of 2.78 and a beta of 0.65.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The credit services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Western Union had a net margin of 21.83% and a return on equity of 66.11%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. Western Union's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities research analysts predict that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Announces Dividend

The firm also recently disclosed 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 was Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a yield of 11.8%. Western Union's dividend payout ratio is currently 35.61%.

Western Union 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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Institutional Ownership by Quarter for Western Union (NYSE:WU)

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