Qsemble Capital Management LP grew its position in shares of The Western Union Company (NYSE:WU – Free Report) by 1,247.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 604,135 shares of the credit services provider’s stock after acquiring an additional 559,313 shares during the quarter. Qsemble Capital Management LP’s holdings in Western Union were worth $5,624,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Western Union by 67.0% in the fourth quarter. Fifth Third Bancorp now owns 3,331 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 1,336 shares in the last quarter. Kelleher Financial Advisors lifted its holdings in Western Union by 16.0% during the 4th quarter. Kelleher Financial Advisors now owns 9,992 shares of the credit services provider’s stock worth $93,000 after buying an additional 1,381 shares during the last quarter. Michels Family Financial LLC lifted its holdings in Western Union by 3.2% during the 3rd quarter. Michels Family Financial LLC now owns 46,722 shares of the credit services provider’s stock worth $373,000 after buying an additional 1,436 shares during the last quarter. WealthCollab LLC lifted its holdings in Western Union by 64.5% during the 4th quarter. WealthCollab LLC now owns 4,153 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,629 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Western Union by 164.9% in the 4th quarter. GAMMA Investing LLC now owns 3,581 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 2,229 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.
Western Union Stock Performance
Shares of WU stock opened at $8.34 on Friday. The Western Union Company has a 1-year low of $7.85 and a 1-year high of $10.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.88. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 1.06 and a beta of 0.50. The stock’s fifty day simple moving average is $9.11 and its 200-day simple moving average is $9.24.
Western Union Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.235 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.94 dividend on an annualized basis and a yield of 11.3%. Western Union’s payout ratio is 69.12%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Cantor Fitzgerald raised Western Union to a “strong sell” rating in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Western Union in a research report on Wednesday, January 21st. Nine research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Western Union currently has an average rating of “Reduce” and an average price target of $8.82.
Insider Transactions at Western Union
In other Western Union news, insider Benjamin Carlton Adams sold 19,924 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $9.23, for a total value of $183,898.52. Following the completion of the sale, the insider owned 234,689 shares of the company’s stock, valued at $2,166,179.47. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Giovanni Angelini sold 6,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $9.47, for a total value of $56,820.00. Following the transaction, the insider directly owned 311,292 shares of the company’s stock, valued at $2,947,935.24. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 3.29% of the company’s stock.
About Western Union
Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.
Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.
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