Virtu Financial LLC Invests $289,000 in The Western Union Company (WU)

Virtu Financial LLC bought a new stake in The Western Union Company (NYSE:WU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,222 shares of the credit services provider’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WU. State of Wisconsin Investment Board grew its stake in shares of The Western Union by 384.4% during the third quarter. State of Wisconsin Investment Board now owns 344,636 shares of the credit services provider’s stock worth $6,617,000 after acquiring an additional 273,483 shares during the last quarter. American Century Companies Inc. grew its stake in shares of The Western Union by 16.2% during the third quarter. American Century Companies Inc. now owns 979,994 shares of the credit services provider’s stock worth $18,816,000 after acquiring an additional 136,914 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of The Western Union by 10.4% during the third quarter. Toronto Dominion Bank now owns 176,310 shares of the credit services provider’s stock worth $3,384,000 after acquiring an additional 16,548 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of The Western Union by 9.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 169,923 shares of the credit services provider’s stock worth $3,263,000 after acquiring an additional 15,149 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of The Western Union by 52.5% during the third quarter. Advisors Asset Management Inc. now owns 674,744 shares of the credit services provider’s stock worth $12,955,000 after acquiring an additional 232,201 shares during the last quarter.

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In other The Western Union 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 transaction, the insider now directly owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the transaction, the executive vice president now directly owns 152,362 shares of the company’s stock, valued at $3,275,783. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. TheStreet lowered The Western Union from a “b-” rating to a “c-” rating in a research note on Tuesday, February 13th. William Blair restated a “market perform” rating on shares of The Western Union in a research note on Wednesday, February 14th. Goldman Sachs restated a “sell” rating and set a $17.00 price target on shares of The Western Union in a research note on Thursday, December 14th. ValuEngine lowered The Western Union from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded The Western Union from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.50.

NYSE WU traded down $0.43 during trading hours on Friday, reaching $18.65. The stock had a trading volume of 4,013,952 shares, compared to its average volume of 5,353,004. The firm has a market cap of $8,763.42, a P/E ratio of 10.36, a P/E/G ratio of 2.31 and a beta of 1.02. The Western Union Company has a 52-week low of $18.38 and a 52-week high of $22.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of -6.17.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. research analysts expect that The Western Union Company will post 1.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a $0.19 dividend. The ex-dividend date was Thursday, March 15th. This is an increase from The Western Union’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 4.08%. The Western Union’s payout ratio is presently 42.22%.

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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.

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

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