Freestone Capital Holdings LLC Sells 193,207 Shares of The Western Union Company (NYSE:WU)

Freestone Capital Holdings LLC lessened its holdings in shares of The Western Union Company (NYSE:WU) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 887,333 shares of the credit services provider’s stock after selling 193,207 shares during the quarter. The Western Union accounts for approximately 1.0% of Freestone Capital Holdings LLC’s holdings, making the stock its 20th largest holding. Freestone Capital Holdings LLC owned 0.20% of The Western Union worth $16,388,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Somerset Trust Co acquired a new stake in The Western Union during the first quarter worth approximately $26,000. Ffcm LLC raised its position in shares of The Western Union by 50.0% in the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after buying an additional 565 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of The Western Union by 76.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,853 shares of the credit services provider’s stock valued at $32,000 after buying an additional 800 shares in the last quarter. Investors Research Corp acquired a new stake in shares of The Western Union in the first quarter valued at approximately $50,000. Finally, Rational Advisors LLC raised its position in shares of The Western Union by 347.4% in the fourth quarter. Rational Advisors LLC now owns 3,011 shares of the credit services provider’s stock valued at $51,000 after buying an additional 2,338 shares in the last quarter.

WU stock traded up $0.03 during trading on Friday, reaching $20.09. The stock had a trading volume of 2,756,400 shares, compared to its average volume of 5,874,954. The Western Union Company has a one year low of $16.42 and a one year high of $21.37. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.24 and a beta of 0.85.

The Western Union (NYSE:WU) last released its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. As a group, research analysts predict that The Western Union Company will post 1.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, June 13th. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.

Several research analysts have commented on WU shares. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The Western Union presently has a consensus rating of “Hold” and a consensus target price of $20.00.

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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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Institutional Ownership by Quarter for The Western Union (NYSE:WU)

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