Mutual of America Capital Management LLC Sells 18,187 Shares of The Western Union Company (NYSE:WU)

Mutual of America Capital Management LLC reduced its position in shares of The Western Union Company (NYSE:WU) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 225,428 shares of the credit services provider’s stock after selling 18,187 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Western Union were worth $2,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its stake in shares of Western Union by 134.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,956 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 1,123 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Western Union in the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. increased its stake in shares of Western Union by 92.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 2,366 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 1,135 shares during the last quarter. Quarry LP increased its stake in shares of Western Union by 1,715.3% in the 1st quarter. Quarry LP now owns 3,685 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 3,482 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Western Union by 1,092.6% in the 4th quarter. International Assets Investment Management LLC now owns 5,462 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 5,004 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WU has been the subject of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Western Union in a research note on Wednesday, February 7th. Evercore ISI upped their price target on Western Union from $13.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wolfe Research reaffirmed an “underperform” rating on shares of Western Union in a research note on Thursday, January 4th. BMO Capital Markets increased their target price on Western Union from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Finally, Barclays increased their target price on Western Union from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.25.

Western Union Trading Up 1.0 %

NYSE:WU opened at $12.93 on Friday. The Western Union Company has a twelve month low of $10.37 and a twelve month high of $14.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 5.23. The business has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $12.60. The company has a market cap of $4.40 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 4.67 and a beta of 0.85.

Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, February 6th. The credit services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Western Union had a return on equity of 113.63% and a net margin of 14.37%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The business’s revenue was down 3.6% on a year-over-year basis. As a group, analysts expect that The Western Union Company will post 1.68 EPS for the current fiscal year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Thursday, March 14th. Western Union’s dividend payout ratio (DPR) is currently 55.95%.

Insiders Place Their Bets

In other news, Director Timothy P. Murphy purchased 10,000 shares of Western Union stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $12.85 per share, with a total value of $128,500.00. Following the transaction, the director now directly owns 56,205 shares in the company, valued at approximately $722,234.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.85% of the company’s stock.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.