Atria Investments LLC boosted its holdings in The Western Union Company (NYSE:WU) by 830.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,799 shares of the credit services provider’s stock after acquiring an additional 144,415 shares during the quarter. Atria Investments LLC’s holdings in The Western Union were worth $3,076,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Rowland & Co. Investment Counsel ADV raised its position in The Western Union by 74.7% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 49,755 shares of the credit services provider’s stock worth $949,000 after acquiring an additional 21,270 shares in the last quarter. Sawyer & Company Inc bought a new stake in The Western Union in the fourth quarter worth about $355,000. Oak Point Wealth Management bought a new stake in The Western Union in the fourth quarter worth about $420,000. Hefty Wealth Partners raised its position in The Western Union by 3,066.9% in the fourth quarter. Hefty Wealth Partners now owns 45,698 shares of the credit services provider’s stock worth $869,000 after acquiring an additional 44,255 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in The Western Union by 7.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,716,140 shares of the credit services provider’s stock worth $32,950,000 after acquiring an additional 118,060 shares in the last quarter.
Several brokerages have commented on WU. Jefferies Group reiterated a “hold” rating and issued a $19.00 price target on shares of The Western Union in a research report on Thursday, October 12th. Mizuho reiterated a “sell” rating and issued a $16.00 price target on shares of The Western Union in a research report on Sunday, October 15th. ValuEngine upgraded shares of The Western Union from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Goldman Sachs Group reiterated a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research report on Thursday, December 14th. Finally, Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a research note on Monday, January 8th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.59.
In related news, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at approximately $3,275,783. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the sale, the insider now directly owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,931 shares of company stock worth $1,794,643. Company insiders own 1.10% of the company’s stock.
The Western Union Company (NYSE WU) opened at $20.24 on Thursday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. The Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.21. The firm has a market capitalization of $9,300.00, a PE ratio of 44.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.
The Western Union (NYSE:WU) last released its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The Western Union had a return on equity of 116.85% and a net margin of 3.83%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts forecast that The Western Union Company will post 1.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, December 15th. This represents a $0.70 annualized dividend and a yield of 3.46%. The Western Union’s dividend payout ratio (DPR) is presently 152.17%.
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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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