The Western Union Company (NYSE:WU) Shares Acquired by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB lifted its holdings in The Western Union Company (NYSE:WU) by 8.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 107,765 shares of the credit services provider’s stock after purchasing an additional 8,038 shares during the period. Xact Kapitalforvaltning AB’s holdings in The Western Union were worth $1,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WU. Somerset Trust Co acquired a new stake in The Western Union during the first quarter valued at $26,000. Ffcm LLC grew its position in The Western Union by 50.0% during 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 during the period. Ellis Investment Partners LLC acquired a new stake in The Western Union during the first quarter valued at $36,000. Oregon Public Employees Retirement Fund grew its position in The Western Union by 1,585.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 851,158 shares of the credit services provider’s stock valued at $50,000 after buying an additional 800,665 shares during the period. Finally, Investors Research Corp acquired a new stake in The Western Union during the first quarter valued at $50,000.

Shares of NYSE:WU traded up $0.09 during midday trading on Monday, hitting $19.98. The company’s stock had a trading volume of 4,871,463 shares, compared to its average volume of 5,950,536. The business’s 50 day moving average is $19.72. The stock has a market cap 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 Company has a 12-month low of $16.42 and a 12-month high of $20.80.

The Western Union (NYSE:WU) last issued its earnings results on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.45 earnings per share. The Western Union’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts anticipate that The Western Union Company will post 1.8 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, June 13th. The Western Union’s dividend payout ratio is presently 41.67%.

Several research firms have issued reports on WU. Zacks Investment Research raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Monday, March 4th. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

In other The Western Union news, EVP Richard L. Williams sold 16,000 shares of The Western Union stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $20.01, for a total transaction of $320,160.00. Following the completion of the sale, the executive vice president now directly owns 108,782 shares in the company, valued at $2,176,727.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by company insiders.

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

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