Candriam Luxembourg S.C.A. increased its position in shares of Western Union Co. (NYSE:WU) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,295 shares of the company’s stock after buying an additional 192 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Western Union were worth $926,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in WU. Seven Eight Capital LLC bought a new position in shares of Western Union during the first quarter worth $105,000. Checchi Capital Advisers LLC raised its position in shares of Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares during the period. Americafirst Capital Management LLC bought a new position in shares of Western Union during the second quarter worth $109,000. Loomis Sayles & Co. L P raised its position in shares of Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares during the period. Finally, Atria Investments LLC bought a new position in shares of Western Union during the second quarter worth $207,000.
Western Union Co. (NYSE:WU) traded up 0.10% on Friday, hitting $20.42. 3,577,752 shares of the stock traded hands. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $19.95. Western Union Co. has a 12-month low of $16.02 and a 12-month high of $21.80. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 12.29 and a beta of 1.19.
Western Union (NYSE:WU) last posted its earnings results on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. Analysts forecast that Western Union Co. will post $1.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.13%. The ex-dividend date was Wednesday, September 14th. Western Union’s dividend payout ratio is 38.55%.
A number of brokerages have weighed in on WU. BTIG Research reiterated a “buy” rating and issued a $23.00 price target on shares of Western Union in a report on Monday, August 1st. Citigroup Inc. lifted their price target on shares of Western Union from $15.50 to $17.00 and gave the company a “sell” rating in a report on Thursday, August 4th. Vetr upgraded shares of Western Union from a “sell” rating to a “hold” rating and set a $19.20 price target on the stock in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Jefferies Group raised their target price on shares of Western Union from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, August 5th. Eight research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.91.
In other Western Union news, Director Michael Miles sold 21,281 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $20.37, for a total value of $433,493.97. Following the completion of the sale, the director now directly owns 126,819 shares of the company’s stock, valued at $2,583,303.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rajesh K. Agrawal sold 9,263 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $21.50, for a total transaction of $199,154.50. Following the completion of the sale, the chief financial officer now directly owns 126,997 shares of the company’s stock, valued at $2,730,435.50. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
About 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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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