Renaissance Technologies LLC grew its position in shares of The Western Union Company (NYSE:WU) by 42.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,939,900 shares of the credit services provider’s stock after purchasing an additional 869,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.64% of The Western Union worth $55,887,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sun Life Financial INC increased its holdings in shares of The Western Union by 94.5% during the 3rd quarter. Sun Life Financial INC now owns 22,160 shares of the credit services provider’s stock valued at $425,000 after purchasing an additional 10,765 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of The Western Union during the 3rd quarter valued at approximately $269,000. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of The Western Union during the 3rd quarter valued at approximately $338,000. Stephens Inc. AR increased its holdings in shares of The Western Union by 11.7% during the 4th quarter. Stephens Inc. AR now owns 39,182 shares of the credit services provider’s stock valued at $745,000 after purchasing an additional 4,104 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of The Western Union by 20.9% during the 4th quarter. M&T Bank Corp now owns 78,292 shares of the credit services provider’s stock valued at $1,487,000 after purchasing an additional 13,561 shares in the last quarter.
In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of The Western Union stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at approximately $3,275,783. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Amintore Schenkel sold 15,600 shares of The Western Union stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the sale, the insider now directly owns 93,694 shares in the company, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
The Western Union (NYSE:WU) last announced its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The Western Union had a positive return on equity of 206.81% and a negative net margin of 10.09%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm earned $0.47 EPS. sell-side analysts forecast that The Western Union Company will post 1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, March 15th. This is a boost from The Western Union’s previous quarterly dividend of $0.18. The Western Union’s payout ratio is 125.00%.
Several brokerages recently commented on WU. William Blair reissued a “market perform” rating on shares of The Western Union in a report on Wednesday, February 14th. TheStreet lowered shares of The Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. Goldman Sachs Group reissued a “sell” rating and issued a $17.00 price target on shares of The Western Union in a report on Thursday, December 14th. Zacks Investment Research raised shares of The Western Union from a “strong sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Mizuho raised shares of The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price target for the company in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.85.
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About The Western Union
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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