2 weeks Ago By ABMN Staff
Invst LLC boosted its position in The Western Union Company ( NYSE:WU – Free Report ) by 1.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 113,568 shares of the credit services provider’s stock after acquiring an additional 1,544 shares during the period.
Invst LLC’s holdings in Western Union were worth $1,381,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also bought and sold shares of WU. Norges Bank bought a new position in Western Union during the fourth quarter worth $27,925,000.
Corient Private Wealth LLC grew its stake in Western Union by 5.1% in the 4th quarter. Corient Private Wealth LLC now owns 57,957 shares of the credit services provider’s stock valued at $691,000 after buying an additional 2,812 shares during the last quarter.
Cambridge Investment Research Advisors Inc. grew its stake in Western Union by 134.1% in the 4th quarter.
Cambridge Investment Research Advisors Inc. now owns 132,229 shares of the credit services provider’s stock valued at $1,576,000 after buying an additional 75,753 shares during the last quarter. Hsbc Holdings PLC lifted its position in Western Union by 44.
4% during the fourth quarter. Hsbc Holdings PLC now owns 1,105,422 shares of the credit services provider’s stock worth $13,145,000 after acquiring an additional 339,809 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Western Union by 28.
1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,129 shares of the credit services provider’s stock worth $168,000 after acquiring an additional 3,103 shares during the period. Institutional investors own 91.
81% of the company’s stock. Western Union Trading Down 0.2 % Shares of Western Union stock opened at $12.
16 on Monday. The firm’s 50-day moving average price is $11.96 and its two-hundred day moving average price is $12.
63. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 7.
20, a PEG ratio of 1.82 and a beta of 0.86.
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 Western Union Company has a 12-month low of $10.92 and a 12-month high of $14.
19. Western Union Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.
235 dividend. This represents a $0.94 annualized dividend and a yield of 7.
73%. The ex-dividend date is Monday, September 16th. Western Union’s dividend payout ratio (DPR) is presently 55.
62%. Analyst Ratings Changes Several analysts recently weighed in on the company. JPMorgan Chase & Co.
dropped their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th.
Citigroup reissued a “neutral” rating and issued a $13.00 target price on shares of Western Union in a research report on Wednesday, July 17th. Royal Bank of Canada dropped their price objective on shares of Western Union from $16.
00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.
com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.
14. View Our Latest Analysis on Western Union 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. Further Reading 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 ).
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