Rowlandmiller & PARTNERS.ADV Has $853,000 Stock Position in The Western Union Company (NYSE:WU)

Rowlandmiller & PARTNERS.ADV lessened its stake in The Western Union Company (NYSE:WU) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,621 shares of the credit services provider’s stock after selling 2,327 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Western Union were worth $853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Advisors Network LLC acquired a new position in Western Union during the first quarter worth about $149,000. SG Americas Securities LLC bought a new stake in shares of Western Union during the first quarter worth about $1,018,000. GAMMA Investing LLC boosted its holdings in Western Union by 188.1% in the first quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider’s stock valued at $40,000 after acquiring an additional 2,483 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Western Union in the first quarter valued at approximately $665,000. Finally, Farther Finance Advisors LLC lifted its stake in Western Union by 84.4% in the first quarter. Farther Finance Advisors LLC now owns 32,534 shares of the credit services provider’s stock valued at $343,000 after buying an additional 14,890 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Oppenheimer began coverage on Western Union in a research note on Monday, June 2nd. They issued a “market perform” rating on the stock. Susquehanna dropped their target price on shares of Western Union from $12.00 to $11.00 and set a “neutral” rating on the stock 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 for the company in a research note on Thursday, April 24th. UBS Group reiterated 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. Finally, JMP Securities reissued a “market perform” rating on shares of Western Union in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.78.

Western Union Price Performance

Shares of WU stock opened at $9.28 on Wednesday. The firm has a market cap of $3.07 billion, a P/E ratio of 3.40, a P/E/G ratio of 1.32 and a beta of 0.68. The Western Union Company has a fifty-two week low of $9.00 and a fifty-two week high of $13.12. The business’s 50 day moving average price is $9.69 and its 200-day moving average price is $10.32. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.10 and a current ratio of 1.20.

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

Western Union Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date of this dividend is Monday, June 16th. Western Union’s payout ratio is 35.07%.

Western Union Company 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.