Toronto Dominion Bank trimmed its stake in The Western Union Company (NYSE:WU) by 6.6% during the second quarter, HoldingsChannel.com reports. The fund owned 228,575 shares of the credit services provider’s stock after selling 16,050 shares during the period. Toronto Dominion Bank’s holdings in The Western Union were worth $5,250,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG boosted its position in shares of The Western Union by 381.1% in the first quarter. UBS Group AG now owns 281,004 shares of the credit services provider’s stock worth $6,929,000 after buying an additional 222,596 shares during the period. Sei Investments Co. boosted its position in shares of The Western Union by 66.0% in the first quarter. Sei Investments Co. now owns 533,598 shares of the credit services provider’s stock worth $12,506,000 after buying an additional 212,159 shares during the period. E Fund Management Co. Ltd. acquired a new stake in shares of The Western Union in the first quarter worth $136,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of The Western Union in the first quarter worth $394,000. Finally, Ensign Peak Advisors Inc boosted its position in shares of The Western Union by 27.4% in the first quarter. Ensign Peak Advisors Inc now owns 841,077 shares of the credit services provider’s stock worth $20,740,000 after buying an additional 180,679 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.
The Western Union stock opened at $20.36 on Thursday. The company has a debt-to-equity ratio of 10.47, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $21.31 and its 200-day simple moving average is $23.33. The firm has a market capitalization of $8.27 billion, a PE ratio of 10.39 and a beta of 0.99. The Western Union Company has a 52 week low of $19.07 and a 52 week high of $26.61.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Wednesday, September 15th. This represents a $0.94 annualized dividend and a yield of 4.62%. The Western Union’s dividend payout ratio is 50.27%.
Separately, Citigroup raised The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, September 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, The Western Union currently has an average rating of “Hold” and a consensus target price of $23.75.
About The Western Union
The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.
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