Wells Fargo & Company MN Has $3.15 Million Holdings in The Western Union Company (NYSE:WU)

Wells Fargo & Company MN lifted its holdings in The Western Union Company (NYSE:WU - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297,584 shares of the credit services provider's stock after purchasing an additional 89,901 shares during the quarter. Wells Fargo & Company MN owned 0.09% of Western Union worth $3,154,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of WU. Huntington National Bank increased its position 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 worth $39,000 after acquiring an additional 3,234 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Western Union during the 4th quarter valued at about $4,887,000. National Bank of Canada FI increased its holdings in shares of Western Union by 5.6% during the 4th quarter. National Bank of Canada FI now owns 92,977 shares of the credit services provider's stock valued at $986,000 after acquiring an additional 4,894 shares during the last quarter. Franklin Resources Inc. grew its holdings in Western Union by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 1,138,828 shares of the credit services provider's stock valued at $12,072,000 after buying an additional 35,532 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Western Union by 69.8% in the 4th quarter. Wellington Management Group LLP now owns 111,978 shares of the credit services provider's stock valued at $1,187,000 after buying an additional 46,021 shares during the last quarter. Institutional investors own 91.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reduced their price objective on Western Union from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Susquehanna decreased their price objective on shares of Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. JMP Securities restated a "market perform" rating on shares of Western Union in a research report on Thursday, April 24th. UBS Group restated a "neutral" rating and set a $10.50 target price (down from $11.00) on shares of Western Union in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Western Union from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.78.

Western Union Stock Down 0.5 %

Shares of NYSE:WU traded down $0.05 during midday trading on Tuesday, hitting $10.11. The stock had a trading volume of 10,954,089 shares, compared to its average volume of 4,806,105. The Western Union Company has a 12 month low of $9.00 and a 12 month high of $13.60. The company has a quick ratio of 1.10, a current ratio of 1.20 and a debt-to-equity ratio of 3.04. The business's 50-day simple moving average is $10.38 and its 200-day simple moving average is $10.64. The company has a market cap of $3.34 billion, a P/E ratio of 3.70, a PEG ratio of 1.32 and a beta of 0.69.

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

Western Union Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.235 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.94 dividend on an annualized basis and a yield of 9.30%. Western Union's dividend payout ratio (DPR) is currently 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.