Pacer Advisors Inc. raised its position in shares of The Western Union Company (NYSE:WU – Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,387 shares of the credit services provider’s stock after acquiring an additional 1,072 shares during the period. Pacer Advisors Inc.’s holdings in Western Union were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV increased its position in shares of Western Union by 61.0% during the 4th quarter. KBC Group NV now owns 13,575 shares of the credit services provider’s stock valued at $144,000 after purchasing an additional 5,143 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Western Union by 33.6% in the fourth quarter. Blue Trust Inc. now owns 18,533 shares of the credit services provider’s stock valued at $196,000 after acquiring an additional 4,657 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of Western Union by 91.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 55,478 shares of the credit services provider’s stock worth $588,000 after acquiring an additional 26,467 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Western Union by 329.4% during the 4th quarter. AlphaMark Advisors LLC now owns 5,153 shares of the credit services provider’s stock worth $55,000 after purchasing an additional 3,953 shares during the period. Finally, Cyndeo Wealth Partners LLC grew its holdings in Western Union by 7.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 559,305 shares of the credit services provider’s stock valued at $5,929,000 after purchasing an additional 40,447 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.
Western Union Stock Up 1.2 %
Shares of NYSE WU opened at $10.40 on Wednesday. The stock has a market capitalization of $3.51 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The Western Union Company has a 12-month low of $10.04 and a 12-month high of $14.19. The stock’s fifty day simple moving average is $10.61 and its two-hundred day simple moving average is $11.27.
Western Union Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 9.04%. Western Union’s dividend payout ratio is currently 48.21%.
Western Union announced that its board has approved a share repurchase plan on Friday, December 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 27.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Wall Street Analyst Weigh In
WU has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Barclays dropped their target price on shares of Western Union from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, December 13th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on Western Union from $13.00 to $12.00 and set a “market perform” rating on the stock in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.63.
Read Our Latest Research Report on Western Union
Western Union 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.
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