Wedgewood Investors Inc. PA acquired a new position in The Western Union Company (NYSE:WU) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 8,200 shares of the credit services provider’s stock, valued at approximately $202,000.
Several other institutional investors and hedge funds have also made changes to their positions in WU. GoalVest Advisory LLC acquired a new position in shares of The Western Union in the 4th quarter worth approximately $37,000. TD Ameritrade Investment Management LLC acquired a new position in shares of The Western Union in the 4th quarter worth approximately $40,000. CENTRAL TRUST Co grew its stake in shares of The Western Union by 42.5% in the 1st quarter. CENTRAL TRUST Co now owns 1,868 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 557 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of The Western Union in the fourth quarter worth approximately $47,000. Finally, Inspire Advisors LLC acquired a new stake in shares of The Western Union during the fourth quarter valued at approximately $52,000.
WU has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded The Western Union from an “underweight” rating to an “equal weight” rating and set a $25.00 target price for the company in a report on Thursday, February 11th. Zacks Investment Research downgraded The Western Union from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Tuesday, April 20th. Barclays lifted their price target on The Western Union from $20.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, February 16th. Guggenheim upgraded The Western Union from a “neutral” rating to a “buy” rating in a report on Friday, January 8th. Finally, Citigroup lifted their price target on The Western Union from $24.00 to $25.50 in a report on Thursday, February 11th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.97.
Shares of NYSE:WU traded down $0.37 during midday trading on Tuesday, reaching $25.29. The company’s stock had a trading volume of 138,924 shares, compared to its average volume of 4,612,037. The Western Union Company has a fifty-two week low of $17.56 and a fifty-two week high of $26.61. The business’s fifty day simple moving average is $25.37 and its 200-day simple moving average is $23.12. The company has a market capitalization of $10.38 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.47 and a beta of 0.88.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 9th. The credit services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The Western Union had a net margin of 12.38% and a negative return on equity of 1,029.12%. The Western Union’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. Equities analysts predict that The Western Union Company will post 1.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 17th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Tuesday, March 16th. This is a boost from The Western Union’s previous quarterly dividend of $0.23. The Western Union’s payout ratio is 54.34%.
The Western Union Company Profile
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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