2 weeks Ago By ABMN Staff
American Century Companies Inc. increased its position in shares of The Western Union Company ( NYSE:WU – Free Report ) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 121,455 shares of the credit services provider’s stock after purchasing an additional 12,495 shares during the period. American Century Companies Inc.’s holdings in Western Union were worth $1,484,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI boosted its stake in Western Union by 1.1% in the 2nd quarter.
National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock valued at $979,000 after buying an additional 896 shares in the last quarter. Dakota Wealth Management boosted its stake in Western Union by 1.8% in the 2nd quarter.
Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock valued at $685,000 after buying an additional 979 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Western Union by 4.
2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock valued at $331,000 after buying an additional 1,091 shares in the last quarter.
Abich Financial Wealth Management LLC boosted its stake in Western Union by 59.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock valued at $46,000 after buying an additional 1,233 shares in the last quarter.
Finally, Covestor Ltd boosted its stake in Western Union by 14.2% in the 1st quarter. Covestor Ltd now owns 11,751 shares of the credit services provider’s stock valued at $164,000 after buying an additional 1,465 shares in the last quarter.
91.81% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several analysts recently commented on the company.
Citigroup reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. Royal Bank of Canada reduced their price objective on Western Union from $16.
00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co.
reduced their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th.
Finally, StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company.
According to MarketBeat.com, Western Union currently has an average rating of “Hold” and a consensus target price of $13.14.
Western Union Trading Down 0.2 % WU stock opened at $12.16 on Monday.
The company has a market cap of $4.11 billion, a P/E ratio of 7.20, a PEG ratio of 1.
80 and a beta of 0.86. The Western Union Company has a twelve month low of $10.
92 and a twelve month high of $14.19. The company has a quick ratio of 1.
05, a current ratio of 1.05 and a debt-to-equity ratio of 5.98.
The business has a fifty day moving average of $11.96 and a 200-day moving average of $12.63.
Western Union ( NYSE:WU – Get Free Report ) last released its earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
45 by ($0.01). The firm had revenue of $1.
07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Western Union had a return on equity of 123.
71% and a net margin of 13.64%. The company’s revenue was down 8.
9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS.
As a group, equities research analysts expect that The Western Union Company will post 1.77 EPS for the current year. Western Union Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Monday, September 16th will be issued a $0.235 dividend. The ex-dividend date is Monday, September 16th.
This represents a $0.94 dividend on an annualized basis and a yield of 7.73%.
Western Union’s dividend payout ratio is presently 55.62%. Western Union Company Profile ( Free Report ) The Western Union Company provides money movement and payment services worldwide.
The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices. Recommended Stories 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 – Free Report ). Receive News & Ratings for Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union and related companies with MarketBeat.com's FREE daily email newsletter .
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