Flippin Bruce & Porter Inc. decreased its holdings in The Western Union Company (NYSE:WU) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,556 shares of the credit services provider’s stock after selling 5,250 shares during the quarter. Flippin Bruce & Porter Inc. owned about 0.07% of The Western Union worth $6,436,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in WU. Alps Advisors Inc. purchased a new position in The Western Union in the fourth quarter worth $46,977,000. Skandinaviska Enskilda Banken AB publ raised its position in The Western Union by 53.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock worth $53,968,000 after acquiring an additional 984,900 shares in the last quarter. Van ECK Associates Corp purchased a new position in The Western Union in the third quarter worth $16,772,000. Clarkston Capital Partners LLC raised its position in The Western Union by 6.8% in the third quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after acquiring an additional 572,066 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in The Western Union in the fourth quarter worth $10,382,000.
Shares of The Western Union Company (NYSE WU) opened at $20.24 on Friday. 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 firm has a market capitalization of $9,296.21, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05. The Western Union Company has a twelve month low of $18.39 and a twelve month high of $22.21.
The Western Union (NYSE:WU) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. The Western Union had a negative net margin of 10.09% and a positive return on equity of 206.81%. During the same period last year, the company posted $0.47 EPS. equities research analysts forecast that The Western Union Company will post 1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.19 dividend. This is a positive change 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 annualized dividend and a yield of 3.75%. The Western Union’s dividend payout ratio is -56.00%.
Several research analysts have issued reports on WU shares. 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 objective for the company in a research report on Monday, November 6th. TheStreet cut 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 objective for the company in a research report on Wednesday, February 14th. Five research 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 presently has a consensus rating of “Hold” and a consensus price target of $19.85.
In related news, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the sale, the insider now owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the sale, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
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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.
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