Teacher Retirement System of Texas Buys Shares of 126,722 The Western Union Company (WU)

Teacher Retirement System of Texas bought a new position in The Western Union Company (NYSE:WU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 126,722 shares of the credit services provider’s stock, valued at approximately $2,409,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Ledyard National Bank boosted its stake in The Western Union by 7.7% in the 4th quarter. Ledyard National Bank now owns 34,613 shares of the credit services provider’s stock worth $658,000 after purchasing an additional 2,489 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of The Western Union by 3.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 84,352 shares of the credit services provider’s stock valued at $1,604,000 after acquiring an additional 2,551 shares during the last quarter. ARGI Investment Services LLC boosted its position in shares of The Western Union by 6.2% during the 3rd quarter. ARGI Investment Services LLC now owns 45,269 shares of the credit services provider’s stock valued at $869,000 after acquiring an additional 2,642 shares during the last quarter. Boston Research & Management Inc. boosted its position in shares of The Western Union by 1.9% during the 3rd quarter. Boston Research & Management Inc. now owns 148,975 shares of the credit services provider’s stock valued at $2,860,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of The Western Union by 7.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,735 shares of the credit services provider’s stock valued at $725,000 after acquiring an additional 2,724 shares during the last quarter.

Shares of The Western Union Company (NYSE WU) opened at $20.09 on Thursday. The firm has a market capitalization of $9,294.75, a P/E ratio of 11.31, a P/E/G ratio of 2.46 and a beta of 1.05. The Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.21. 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 released its earnings results 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.40 billion. The Western Union had a positive return on equity of 206.81% and a negative net margin of 10.09%. During the same quarter in the previous year, the firm earned $0.47 EPS. analysts expect that The Western Union Company will post 1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.19 dividend. This is an increase from The Western Union’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.78%. The Western Union’s payout ratio is presently -56.00%.

WU has been the subject of a number of research analyst reports. ValuEngine upgraded The Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, November 6th. TheStreet downgraded The Western Union from a “b-” rating to a “c-” rating in a research report on Tuesday, February 13th. William Blair reiterated a “market perform” rating on shares of The Western Union in a research report on Wednesday, February 14th. Finally, Mizuho upgraded The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price target for the company in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The Western Union presently has an average rating of “Hold” and a consensus target price of $19.85.

In related news, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares in the company, valued at approximately $2,060,331.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

WARNING: “Teacher Retirement System of Texas Buys Shares of 126,722 The Western Union Company (WU)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/22/teacher-retirement-system-of-texas-buys-shares-of-126722-the-western-union-company-wu.html.

The Western Union Company 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.

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply