Kempner Capital Management Inc. Trims Holdings in The Western Union Company (WU)
Kempner Capital Management Inc. cut its stake in The Western Union Company (NYSE:WU) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,805 shares of the credit services provider’s stock after selling 2,490 shares during the period. The Western Union comprises approximately 3.2% of Kempner Capital Management Inc.’s holdings, making the stock its 11th largest holding. Kempner Capital Management Inc. owned approximately 0.06% of The Western Union worth $5,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. acquired a new position in shares of The Western Union in the 2nd quarter worth approximately $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of The Western Union in the 2nd quarter worth approximately $129,000. Pacer Advisors Inc. raised its holdings in shares of The Western Union by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after buying an additional 627 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of The Western Union in the 3rd quarter worth approximately $186,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of The Western Union in the 3rd quarter worth approximately $198,000.
In other news, EVP Jean Claude Farah sold 17,518 shares of The Western Union stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the sale, the executive vice president now directly owns 139,500 shares of the company’s stock, valued at approximately $2,859,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
The Western Union (NYSE:WU) last released its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. The Western Union had a return on equity of 116.85% and a net margin of 3.83%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. equities research analysts forecast that The Western Union Company will post 1.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.175 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.70 annualized dividend and a dividend yield of 3.33%. The Western Union’s dividend payout ratio (DPR) is currently 152.17%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, November 6th. Goldman Sachs Group reaffirmed a “sell” rating and set a $17.00 price target on shares of The Western Union in a report on Thursday, December 14th. Mizuho reaffirmed a “sell” rating and set a $16.00 price target on shares of The Western Union in a report on Sunday, October 15th. Morgan Stanley raised their price target on The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Finally, ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.59.
The Western Union 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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