MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $12.02 Million Stock Holdings 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of WU. Vanguard Group Inc. lifted its stake in shares of Western Union by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 38,055,661 shares of the credit services provider's stock valued at $403,390,000 after acquiring an additional 317,711 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Western Union by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,983,265 shares of the credit services provider's stock valued at $307,224,000 after acquiring an additional 4,426,126 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Western Union by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,489,079 shares of the credit services provider's stock valued at $132,384,000 after acquiring an additional 549,931 shares during the period. AQR Capital Management LLC lifted its stake in shares of Western Union by 39.0% during the fourth quarter. AQR Capital Management LLC now owns 11,206,431 shares of the credit services provider's stock valued at $118,788,000 after acquiring an additional 3,146,395 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of Western Union by 32.1% during the fourth quarter. Schroder Investment Management Group now owns 9,021,308 shares of the credit services provider's stock valued at $95,626,000 after acquiring an additional 2,194,403 shares during the period. Institutional investors and hedge funds own 91.81% of the company's stock.

Western Union Stock Down 0.5%

Shares of NYSE:WU traded down $0.05 during trading on Thursday, hitting $9.62. 1,437,024 shares of the company's stock traded hands, compared to its average volume of 5,043,298. The Western Union Company has a 52 week low of $9.00 and a 52 week high of $13.12. 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 company has a market cap of $3.18 billion, a price-to-earnings ratio of 3.52, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a 50-day moving average price of $10.03 and a 200-day moving average price of $10.46.

Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings data 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. Western Union had a return on equity of 96.90% and a net margin of 22.19%. The business had revenue of $983.60 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Western Union's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts forecast that The Western Union Company will post 1.79 EPS for the current fiscal 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 issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Monday, June 16th. Western Union's dividend payout ratio (DPR) is presently 35.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. 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. Morgan Stanley cut their target price 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. JMP Securities reissued a "market perform" rating on shares of Western Union in a research note on Thursday, April 24th. UBS Group reissued a "neutral" rating and issued a $10.50 target price (down previously from $11.00) on shares of Western Union in a research note on Thursday, April 24th. Finally, Susquehanna cut their target price 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. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.78.

About Western Union

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.