MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $12.02 Million Stake in The Western Union Company (NYSE:WU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in The Western Union Company (NYSE:WU - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,133,841 shares of the credit services provider's stock after purchasing an additional 208,379 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.34% of Western Union worth $12,019,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Western Union in the fourth quarter worth $25,000. Independence Bank of Kentucky acquired a new position in Western Union in the fourth quarter worth $28,000. Huntington National Bank boosted its stake in Western Union by 662.7% in 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 boosted its stake 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 purchasing an additional 2,790 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in Western Union by 1,734.7% in 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. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Susquehanna cut their price target on Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on 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. UBS Group reaffirmed a "neutral" rating and set a $10.50 price target (down previously from $11.00) on shares of Western Union 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 research note on Thursday, April 24th. Finally, 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 research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, Western Union currently has an average rating of "Hold" and a consensus price target of $10.78.

Western Union Stock Down 0.1%

Shares of NYSE WU traded down $0.01 during mid-day trading on Tuesday, hitting $9.85. The company had a trading volume of 5,037,340 shares, compared to its average volume of 5,030,046. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 3.04. The firm has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $10.47. The company has a market capitalization of $3.26 billion, a PE ratio of 3.61, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The Western Union Company has a one year low of $9.00 and a one year high of $13.17.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Western Union had a return on equity of 96.90% and a net margin of 22.19%. The company had revenue of $983.60 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business's revenue was down 6.2% compared to the same quarter last year. On average, equities analysts expect that The Western Union Company will post 1.79 EPS for the current year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.235 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 9.54%. Western Union's payout ratio is 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.