DekaBank Deutsche Girozentrale lowered its position in The Western Union Company (NYSE:WU) by 76.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,047 shares of the credit services provider’s stock after selling 251,610 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in The Western Union were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WU. BlackRock Inc. lifted its holdings in shares of The Western Union by 11.2% during the fourth quarter. BlackRock Inc. now owns 46,384,514 shares of the credit services provider’s stock worth $791,319,000 after purchasing an additional 4,686,559 shares during the period. FMR LLC grew its position in The Western Union by 1.4% in the 4th quarter. FMR LLC now owns 39,799,498 shares of the credit services provider’s stock worth $678,980,000 after purchasing an additional 557,039 shares in the last quarter. Clarkston Capital Partners LLC grew its position in The Western Union by 6.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock worth $210,282,000 after purchasing an additional 673,380 shares in the last quarter. LSV Asset Management grew its position in The Western Union by 1.2% in the 1st quarter. LSV Asset Management now owns 9,765,614 shares of the credit services provider’s stock worth $180,370,000 after purchasing an additional 119,800 shares in the last quarter. Finally, Norges Bank purchased a new position in The Western Union in the fourth quarter valued at about $85,840,000.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Northcoast Research cut shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.00.
Shares of WU stock traded up $0.09 during mid-day trading on Monday, hitting $19.98. The company had a trading volume of 4,871,463 shares, compared to its average volume of 5,950,536. The Western Union Company has a 52-week low of $16.42 and a 52-week high of $20.80. The company has a 50 day simple moving average of $19.68. The stock has a market capitalization of $8.60 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.21 and a beta of 0.82.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that The Western Union Company will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Thursday, June 13th. The Western Union’s payout ratio is 41.67%.
The Western Union Profile
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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