Neo Ivy Capital Management purchased a new position in The Western Union Company (NYSE:WU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,120 shares of the credit services provider’s stock, valued at approximately $191,000.
A number of other institutional investors have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its position in shares of The Western Union by 172.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,689,605 shares of the credit services provider’s stock valued at $152,371,000 after acquiring an additional 3,603,592 shares in the last quarter. State Street Corp increased its position in shares of The Western Union by 14.9% during the fourth quarter. State Street Corp now owns 25,235,780 shares of the credit services provider’s stock worth $675,814,000 after acquiring an additional 3,267,484 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in The Western Union during the fourth quarter worth $42,387,000. Squarepoint Ops LLC boosted its holdings in The Western Union by 1,761.3% during the third quarter. Squarepoint Ops LLC now owns 1,086,456 shares of the credit services provider’s stock worth $25,173,000 after purchasing an additional 1,028,084 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in The Western Union in the fourth quarter valued at $19,228,000.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group assumed coverage on shares of The Western Union in a research report on Thursday, January 23rd. They set an “underperform” rating and a $26.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of The Western Union in a research report on Monday, January 20th. Zacks Investment Research lowered shares of The Western Union from a “hold” rating to a “sell” rating and set a $29.00 price target on the stock. in a research report on Wednesday, January 29th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $26.00 price target on shares of The Western Union in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The Western Union currently has an average rating of “Hold” and a consensus price target of $24.81.
In related news, Director Jan Siegmund purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were bought at an average cost of $26.21 per share, with a total value of $262,100.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $262,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rajesh K. Agrawal sold 24,553 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.94, for a total transaction of $661,457.82. Following the completion of the transaction, the chief financial officer now directly owns 331,972 shares in the company, valued at $8,943,325.68. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Shares of WU traded down $1.00 during mid-day trading on Thursday, reaching $20.73. The company had a trading volume of 2,436,096 shares, compared to its average volume of 9,772,068. The company’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $25.29. The Western Union Company has a 1-year low of $17.92 and a 1-year high of $28.44. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.43 and a beta of 0.84.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 11th. The credit services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. The Western Union had a net margin of 20.00% and a negative return on equity of 737.30%. During the same period in the previous year, the firm earned $0.49 earnings per share. As a group, equities analysts forecast that The Western Union Company will post 1.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.225 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.90 annualized dividend and a dividend yield of 4.34%. This is a positive change from The Western Union’s previous quarterly dividend of $0.20. The Western Union’s payout ratio is currently 46.24%.
About The Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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