Auxier Asset Management lessened its position in The Western Union Company (NYSE:WU) by 24.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,349 shares of the credit services provider’s stock after selling 18,584 shares during the period. Auxier Asset Management’s holdings in The Western Union were worth $1,146,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in The Western Union by 119.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 720,386 shares of the credit services provider’s stock worth $13,856,000 after buying an additional 392,601 shares in the last quarter. State of Wisconsin Investment Board lifted its position in The Western Union by 166.7% during the 1st quarter. State of Wisconsin Investment Board now owns 514,156 shares of the credit services provider’s stock worth $9,887,000 after buying an additional 321,383 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in The Western Union by 17.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,082,757 shares of the credit services provider’s stock worth $59,282,000 after buying an additional 460,759 shares in the last quarter. Teacher Retirement System of Texas lifted its position in The Western Union by 208.9% during the 1st quarter. Teacher Retirement System of Texas now owns 391,435 shares of the credit services provider’s stock worth $7,527,000 after buying an additional 264,713 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in The Western Union during the 1st quarter worth about $235,000.
NYSE WU opened at $18.74 on Friday. The Western Union Company has a 12 month low of $18.38 and a 12 month high of $22.21. The company has a market capitalization of $8.57 billion, a PE ratio of 10.41, a P/E/G ratio of 2.42 and a beta of 0.97. The company has a debt-to-equity ratio of -7.38, a current ratio of 0.86 and a quick ratio of 0.86.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The Western Union had a negative net margin of 8.05% and a negative return on equity of 560.31%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts forecast that The Western Union Company will post 1.86 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, September 13th. The Western Union’s dividend payout ratio is 42.22%.
In other The Western Union news, EVP Sheri Rhodes sold 4,417 shares of the stock in a transaction on Monday, June 25th. The stock was sold at an average price of $21.00, for a total transaction of $92,757.00. Following the transaction, the executive vice president now owns 55,824 shares in the company, valued at approximately $1,172,304. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard L. Williams sold 20,207 shares of the stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $20.50, for a total value of $414,243.50. Following the transaction, the executive vice president now owns 100,582 shares in the company, valued at approximately $2,061,931. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
A number of research analysts have issued reports on WU shares. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Saturday, July 7th. Wolfe Research started coverage on shares of The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating on the stock. Royal Bank of Canada restated a “hold” rating and set a $21.00 target price on shares of The Western Union in a research report on Friday, August 3rd. Finally, ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and an average target price of $18.93.
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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