JFS Wealth Advisors LLC Has $180,000 Position in Western Union Co. (WU)
JFS Wealth Advisors LLC boosted its position in Western Union Co. (NYSE:WU) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,404 shares of the company’s stock after buying an additional 2 shares during the period. JFS Wealth Advisors LLC’s holdings in Western Union were worth $180,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Western Union during the second quarter valued at about $23,153,000. MSI Financial Services Inc boosted its stake in shares of Western Union by 55.3% in the second quarter. MSI Financial Services Inc now owns 22,877 shares of the company’s stock valued at $438,000 after buying an additional 8,144 shares during the period. Shell Asset Management Co. boosted its stake in shares of Western Union by 33.2% in the second quarter. Shell Asset Management Co. now owns 34,705 shares of the company’s stock valued at $666,000 after buying an additional 8,654 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Western Union by 27.1% in the second quarter. Daiwa Securities Group Inc. now owns 59,646 shares of the company’s stock valued at $1,144,000 after buying an additional 12,700 shares during the period. Finally, Oakbrook Investments LLC boosted its stake in shares of Western Union by 19.9% in the second quarter. Oakbrook Investments LLC now owns 1,047,600 shares of the company’s stock valued at $20,093,000 after buying an additional 174,170 shares during the period.
Shares of Western Union Co. (NYSE:WU) traded down 1.62% during mid-day trading on Monday, reaching $20.00. The company’s stock had a trading volume of 3,860,774 shares. The company’s 50-day moving average is $20.97 and its 200 day moving average is $19.83. Western Union Co. has a 12 month low of $16.02 and a 12 month high of $21.80. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 12.03 and a beta of 1.16.
Western Union (NYSE:WU) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Western Union Co. will post $1.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, September 14th. Western Union’s payout ratio is 38.55%.
WU has been the subject of several recent research reports. Vetr cut Western Union from a “hold” rating to a “sell” rating and set a $19.20 price target for the company. in a research note on Wednesday, July 13th. Barclays PLC cut Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 target price for the company. in a research note on Thursday, July 7th. Morgan Stanley restated an “underweight” rating and set a $17.00 target price on shares of Western Union in a research note on Tuesday, August 23rd. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, Monness Crespi & Hardt cut Western Union from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Thursday, September 8th. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.91.
In other news, CFO Rajesh K. Agrawal sold 9,263 shares of Western Union stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $21.50, for a total transaction of $199,154.50. Following the completion of the sale, the chief financial officer now directly owns 126,997 shares of the company’s stock, valued at approximately $2,730,435.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Betsy D. Holden sold 21,281 shares of Western Union stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $21.02, for a total transaction of $447,326.62. Following the sale, the director now directly owns 93,826 shares of the company’s stock, valued at $1,972,222.52. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Western Union Company Profile
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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