Stephens Inc. AR trimmed its holdings in The Western Union Company (NYSE:WU – Get Rating) by 32.3% in the first quarter, Holdings Channel reports. The institutional investor owned 18,019 shares of the credit services provider’s stock after selling 8,586 shares during the quarter. Stephens Inc. AR’s holdings in Western Union were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. CWM LLC bought a new position in Western Union in the 4th quarter valued at $30,000. Riverview Trust Co lifted its stake in Western Union by 99.7% in the first quarter. Riverview Trust Co now owns 2,047 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 1,022 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Western Union by 61.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,680 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 1,016 shares during the last quarter. National Bank of Canada FI bought a new stake in Western Union in the fourth quarter worth $49,000. Finally, UMB Bank N A MO bought a new stake in Western Union in the fourth quarter worth $49,000. 97.43% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on WU. TheStreet downgraded shares of Western Union from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. The Goldman Sachs Group assumed coverage on shares of Western Union in a research report on Tuesday, May 17th. They issued a “sell” rating and a $18.00 price objective on the stock. UBS Group decreased their price objective on shares of Western Union from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. Wolfe Research cut shares of Western Union from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $20.00 to $17.00 in a research report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Western Union from $20.00 to $19.00 in a research report on Friday, April 29th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.23.
Western Union Trading Down 5.6 %
Western Union (NYSE:WU – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The credit services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.29% and a return on equity of 269.10%. During the same quarter last year, the company earned $0.48 EPS. As a group, analysts forecast that The Western Union Company will post 1.8 EPS for the current fiscal year.
Western Union Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.235 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.94 annualized dividend and a dividend yield of 5.78%. Western Union’s dividend payout ratio is presently 41.41%.
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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.
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