Raymond James Financial Services Advisors Inc. lowered its holdings in shares of The Western Union Company (NYSE:WU) by 7.4% during the 4th quarter, Holdings Channel reports. The firm owned 42,567 shares of the credit services provider’s stock after selling 3,413 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in The Western Union were worth $726,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Tredje AP fonden grew its holdings in shares of The Western Union by 34.8% during the 4th quarter. Tredje AP fonden now owns 120,422 shares of the credit services provider’s stock valued at $2,077,000 after purchasing an additional 31,075 shares during the last quarter. Monument Capital Management grew its holdings in shares of The Western Union by 10.4% during the 4th quarter. Monument Capital Management now owns 98,458 shares of the credit services provider’s stock valued at $1,680,000 after purchasing an additional 9,251 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of The Western Union by 138.0% during the 3rd quarter. Bridgewater Associates LP now owns 701,521 shares of the credit services provider’s stock valued at $13,371,000 after purchasing an additional 406,786 shares during the last quarter. Diligent Investors LLC grew its holdings in shares of The Western Union by 15.4% during the 4th quarter. Diligent Investors LLC now owns 45,380 shares of the credit services provider’s stock valued at $774,000 after purchasing an additional 6,060 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of The Western Union by 21.9% during the 3rd quarter. Pacer Advisors Inc. now owns 26,072 shares of the credit services provider’s stock valued at $497,000 after purchasing an additional 4,689 shares during the last quarter.
WU has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Saturday, December 1st. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Friday. Finally, Keefe, Bruyette & Woods initiated coverage on shares of The Western Union in a report on Thursday, December 6th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The Western Union has a consensus rating of “Hold” and an average price target of $20.00.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. The Western Union had a net margin of 15.24% and a negative return on equity of 225.33%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. On average, equities analysts expect that The Western Union Company will post 1.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.20 per share. This is a positive change from The Western Union’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.38%. The Western Union’s payout ratio is presently 41.67%.
In other news, CFO Rajesh K. Agrawal sold 21,950 shares of The Western Union stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $18.35, for a total transaction of $402,782.50. Following the sale, the chief financial officer now owns 266,009 shares of the company’s stock, valued at approximately $4,881,265.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
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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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