Tudor Investment Corp ET AL Acquires 670,238 Shares of The Western Union Company (NYSE:WU)

Tudor Investment Corp ET AL lifted its position in shares of The Western Union Company (NYSE:WU - Free Report) by 6,435.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680,652 shares of the credit services provider's stock after purchasing an additional 670,238 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.20% of Western Union worth $7,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WU. JPMorgan Chase & Co. raised its stake in shares of Western Union by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 1,698,559 shares of the credit services provider's stock valued at $20,264,000 after acquiring an additional 283,479 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Western Union by 10.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 68,237 shares of the credit services provider's stock worth $723,000 after acquiring an additional 6,727 shares during the last quarter. Kestra Investment Management LLC lifted its position in shares of Western Union by 50.6% during the fourth quarter. Kestra Investment Management LLC now owns 122,956 shares of the credit services provider's stock worth $1,303,000 after purchasing an additional 41,317 shares in the last quarter. Range Financial Group LLC grew its stake in shares of Western Union by 828.1% during the fourth quarter. Range Financial Group LLC now owns 93,959 shares of the credit services provider's stock valued at $996,000 after purchasing an additional 83,835 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. acquired a new stake in shares of Western Union in the fourth quarter valued at approximately $922,000. Institutional investors own 91.81% of the company's stock.

Western Union Stock Up 1.0 %

Shares of NYSE WU traded up $0.10 during mid-day trading on Monday, reaching $9.82. 1,560,013 shares of the company's stock were exchanged, compared to its average volume of 4,847,511. 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 business has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $10.58. The Western Union Company has a twelve month low of $9.00 and a twelve month high of $13.60. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 3.60, a PEG ratio of 1.32 and a beta of 0.69.

Western Union (NYSE:WU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share for the quarter, topping 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%. Western Union's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, equities analysts expect that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.235 per share. The ex-dividend date was Monday, March 17th. This represents a $0.94 annualized dividend and a yield of 9.58%. Western Union's payout ratio is presently 35.07%.

Analyst Ratings Changes

WU has been the topic of a number of recent research reports. Monness Crespi & Hardt lowered Western Union from a "neutral" rating to a "sell" rating and set a $7.50 price objective on the stock. in a research report on Thursday, April 24th. UBS Group reaffirmed 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. JMP Securities reissued a "market perform" rating on shares of Western Union in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on shares of Western Union from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Finally, Royal Bank of Canada reduced their price target on Western Union from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.78.

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.