Fourth Sail Capital LP increased its position in The Western Union Company (NYSE:WU – Free Report) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,589,752 shares of the credit services provider’s stock after acquiring an additional 641,152 shares during the period. Western Union comprises about 3.9% of Fourth Sail Capital LP’s investment portfolio, making the stock its 12th biggest holding. Fourth Sail Capital LP’s holdings in Western Union were worth $24,111,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its position in shares of Western Union by 606.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,265 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 2,803 shares during the period. Salomon & Ludwin LLC lifted its position in shares of Western Union by 1,546.5% in the fourth quarter. Salomon & Ludwin LLC now owns 3,326 shares of the credit services provider’s stock worth $31,000 after buying an additional 3,124 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Western Union by 67.0% in the fourth quarter. Fifth Third Bancorp now owns 3,331 shares of the credit services provider’s stock worth $31,000 after buying an additional 1,336 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Western Union by 164.9% in the fourth quarter. GAMMA Investing LLC now owns 3,581 shares of the credit services provider’s stock worth $33,000 after buying an additional 2,229 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Western Union in the third quarter worth about $37,000. Institutional investors own 91.81% of the company’s stock.
Western Union Price Performance
NYSE:WU opened at $7.57 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.88. The company has a market capitalization of $2.36 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.96 and a beta of 0.46. The Western Union Company has a 12 month low of $7.24 and a 12 month high of $10.35. The business’s 50-day moving average is $8.60 and its 200 day moving average is $9.10.
Western Union Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Western Union’s payout ratio is presently 69.12%.
Insider Activity at Western Union
In other Western Union news, insider Giovanni Angelini sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $9.47, for a total transaction of $56,820.00. Following the sale, the insider directly owned 311,292 shares of the company’s stock, valued at $2,947,935.24. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Benjamin Carlton Adams sold 19,924 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $9.23, for a total value of $183,898.52. Following the sale, the insider directly owned 234,689 shares in the company, valued at $2,166,179.47. The trade was a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.29% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Seven analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $8.82.
View Our Latest Stock Analysis on WU
Western Union Company Profile
Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.
Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.
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