Envestnet Asset Management Inc. Has $4.29 Million Stake in The Western Union Company (NYSE:WU)

Envestnet Asset Management Inc. boosted its position in The Western Union Company (NYSE:WU) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,577 shares of the credit services provider’s stock after purchasing an additional 19,237 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Western Union worth $4,289,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WU. Schroder Investment Management Group increased its holdings in Western Union by 32.1% in the fourth quarter. Schroder Investment Management Group now owns 9,021,308 shares of the credit services provider’s stock valued at $95,626,000 after purchasing an additional 2,194,403 shares during the period. Norges Bank bought a new stake in shares of Western Union in the 4th quarter valued at about $22,984,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Western Union in the fourth quarter valued at about $22,848,000. Bank of New York Mellon Corp raised its position in shares of Western Union by 41.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,305,933 shares of the credit services provider’s stock worth $66,843,000 after acquiring an additional 1,857,012 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Western Union in the fourth quarter worth approximately $5,895,000. 91.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WU has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 price target on shares of Western Union in a report on Thursday, April 3rd. Morgan Stanley dropped their target price on shares of Western Union from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Wednesday, February 5th. JMP Securities reiterated a “market perform” rating on shares of Western Union in a report on Thursday, February 6th. Finally, Susquehanna dropped their price objective on Western Union from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Western Union presently has a consensus rating of “Hold” and a consensus target price of $12.11.

Western Union Stock Performance

Shares of Western Union stock opened at $10.13 on Thursday. The business has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.69. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 3.71, a PEG ratio of 1.32 and a beta of 0.69. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.20 and a quick ratio of 1.10. The Western Union Company has a one year low of $9.00 and a one year high of $13.93.

Western Union (NYSE:WU) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Western Union had a net margin of 22.19% and a return on equity of 96.90%. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend was Monday, March 17th. Western Union’s dividend payout ratio (DPR) is 34.43%.

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.