Comerica Bank lowered its position in shares of The Western Union Company (NYSE:WU) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,051 shares of the credit services provider’s stock after selling 10,340 shares during the quarter. Comerica Bank’s holdings in The Western Union were worth $2,854,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of The Western Union in the third quarter worth $186,000. Fox Run Management L.L.C. purchased a new position in shares of The Western Union in the fourth quarter worth $196,000. Rehmann Capital Advisory Group purchased a new position in shares of The Western Union in the third quarter worth $198,000. Hudson Capital Management LLC purchased a new position in shares of The Western Union in the fourth quarter worth $215,000. Finally, Haverford Financial Services Inc. purchased a new position in shares of The Western Union in the third quarter worth $219,000.
Shares of The Western Union Company (NYSE:WU) opened at $20.25 on Wednesday. The Western Union Company has a 1 year low of $18.39 and a 1 year high of $22.21. The firm has a market cap of $9,300.00, a price-to-earnings ratio of 36.16, a P/E/G ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of -6.17, a current ratio of 0.82 and a quick ratio of 1.00.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The Western Union had a negative net margin of 10.09% and a positive return on equity of 206.81%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $0.47 EPS. analysts forecast that The Western Union Company will post 1.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.19 per share. This is a boost from The Western Union’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.75%. The Western Union’s payout ratio is 125.00%.
In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now owns 93,694 shares in the company, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Several equities analysts have recently commented on WU shares. Mizuho raised shares of The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, November 6th. Goldman Sachs Group restated a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research report on Thursday, December 14th. Morgan Stanley boosted their price target on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Finally, William Blair restated a “market perform” rating on shares of The Western Union in a research report on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.85.
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About The Western Union
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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