Janney Montgomery Scott LLC Increases Position in The Western Union Company (NYSE:WU)

Janney Montgomery Scott LLC lifted its position in shares of The Western Union Company (NYSE:WUGet Rating) by 10.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 178,040 shares of the credit services provider’s stock after buying an additional 16,398 shares during the period. Janney Montgomery Scott LLC’s holdings in Western Union were worth $2,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Field & Main Bank acquired a new position in Western Union during the second quarter worth approximately $25,000. NuWave Investment Management LLC acquired a new position in Western Union during the second quarter worth approximately $29,000. MV Capital Management Inc. increased its position in shares of Western Union by 460.8% in the third quarter. MV Capital Management Inc. now owns 1,929 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 1,585 shares in the last quarter. Ellevest Inc. increased its position in shares of Western Union by 148.6% in the second quarter. Ellevest Inc. now owns 1,932 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 1,155 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Western Union by 431.8% in the second quarter. First Horizon Advisors Inc. now owns 2,707 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 2,198 shares in the last quarter. Hedge funds and other institutional investors own 97.66% of the company’s stock.

Analysts Set New Price Targets

WU has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Western Union from $19.00 to $16.00 in a research report on Monday, October 10th. Barclays dropped their price objective on shares of Western Union from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Sunday, November 6th. Truist Financial dropped their price objective on shares of Western Union from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, October 21st. UBS Group lowered shares of Western Union from a “neutral” rating to a “sell” rating and set a $12.00 price objective for the company. in a research report on Friday, October 28th. Finally, Citigroup lowered their price target on shares of Western Union from $14.00 to $13.50 in a report on Friday, October 21st. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.30.

Western Union Trading Down 2.3 %

NYSE WU opened at $14.29 on Friday. The company’s fifty day moving average price is $13.94 and its two-hundred day moving average price is $14.75. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.98 and a quick ratio of 0.98. The Western Union Company has a 12 month low of $12.27 and a 12 month high of $20.40. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 6.77 and a beta of 0.88.

Western Union (NYSE:WUGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Western Union had a net margin of 17.78% and a return on equity of 195.13%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts predict that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 19th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, December 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.58%. Western Union’s payout ratio is currently 44.55%.

Insider Buying and Selling

In other news, Chairman Jeffrey A. Joerres acquired 7,745 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were acquired at an average price of $12.84 per share, with a total value of $99,445.80. Following the acquisition, the chairman now directly owns 167,337 shares in the company, valued at $2,148,607.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.41% of the company’s stock.

Western Union Company Profile

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

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