Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in The Western Union Company (NYSE:WU)

Cambridge Investment Research Advisors Inc. grew its holdings in The Western Union Company (NYSE:WUFree Report) by 134.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,229 shares of the credit services provider’s stock after purchasing an additional 75,753 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Western Union were worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WU. Ontario Teachers Pension Plan Board bought a new stake in Western Union during the 4th quarter valued at $262,000. Aigen Investment Management LP purchased a new stake in Western Union during the 4th quarter worth about $167,000. Franklin Resources Inc. lifted its holdings in Western Union by 19.8% during the 4th quarter. Franklin Resources Inc. now owns 841,034 shares of the credit services provider’s stock worth $10,057,000 after purchasing an additional 138,915 shares in the last quarter. Quest Partners LLC purchased a new stake in Western Union during the 4th quarter worth about $143,000. Finally, Trexquant Investment LP boosted its stake in Western Union by 287.4% in the 4th quarter. Trexquant Investment LP now owns 543,957 shares of the credit services provider’s stock worth $6,484,000 after purchasing an additional 403,540 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Western Union Price Performance

Shares of Western Union stock opened at $12.97 on Thursday. The firm has a market capitalization of $4.39 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.38. The Western Union Company has a 12 month low of $10.92 and a 12 month high of $14.19. The business’s 50-day moving average price is $13.22 and its 200-day moving average price is $12.77.

Western Union (NYSE:WUGet Free Report) last issued its earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Western Union had a return on equity of 120.76% and a net margin of 14.12%. Western Union’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Sell-side analysts forecast that The Western Union Company will post 1.76 EPS for the current fiscal year.

Western Union Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Friday, June 14th. Western Union’s payout ratio is presently 55.62%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WU. BMO Capital Markets raised their price objective on shares of Western Union from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Evercore ISI boosted their price target on shares of Western Union from $14.00 to $15.00 and gave the company an “in-line” rating in a research report on Thursday, April 25th. Monness Crespi & Hardt started coverage on Western Union in a research report on Wednesday, March 20th. They issued a “neutral” rating on the stock. William Blair restated a “market perform” rating on shares of Western Union in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, Western Union has a consensus rating of “Hold” and a consensus target price of $13.61.

Check Out Our Latest Stock Report on WU

Western Union Company Profile

(Free Report)

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.

See Also

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

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