AMP Capital Investors Ltd raised its holdings in The Western Union Company (NYSE:WU) by 31.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 168,954 shares of the credit services provider’s stock after acquiring an additional 40,384 shares during the quarter. AMP Capital Investors Ltd’s holdings in The Western Union were worth $3,433,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of WU. Piedmont Investment Advisors LLC acquired a new position in shares of The Western Union during the 2nd quarter worth about $109,000. Financial Gravity Wealth Inc. acquired a new position in shares of The Western Union during the 1st quarter worth about $180,000. IBM Retirement Fund acquired a new position in shares of The Western Union during the 1st quarter worth about $195,000. Jane Street Group LLC acquired a new position in shares of The Western Union during the 1st quarter worth about $196,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of The Western Union during the 1st quarter worth about $203,000.
Shares of WU stock opened at $18.52 on Tuesday. The stock has a market cap of $8.63 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.44 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -7.38. The Western Union Company has a 52 week low of $18.38 and a 52 week high of $22.21.
The Western Union (NYSE:WU) last announced its earnings results on Thursday, August 2nd. The credit services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative return on equity of 560.31% and a negative net margin of 8.05%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. research analysts forecast that The Western Union Company will post 1.86 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Thursday, September 13th. The Western Union’s payout ratio is 42.22%.
Several research analysts have recently weighed in on WU shares. Royal Bank of Canada restated a “hold” rating and set a $21.00 price objective on shares of The Western Union in a research note on Friday, August 3rd. Zacks Investment Research lowered shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Wolfe Research started coverage on shares of The Western Union in a research note on Tuesday, July 17th. They set an “underperform” rating on the stock. Finally, ValuEngine lowered shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.93.
In other The Western Union news, EVP Sheri Rhodes sold 4,417 shares of the business’s stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $21.00, for a total value of $92,757.00. Following the completion of the sale, the executive vice president now owns 55,824 shares of the company’s stock, valued at approximately $1,172,304. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard L. Williams sold 20,207 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $20.50, for a total transaction of $414,243.50. Following the completion of the sale, the executive vice president now directly owns 100,582 shares of the company’s stock, valued at approximately $2,061,931. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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