The Western Union Company (WU) Shares Bought by ING Groep NV
ING Groep NV raised its position in The Western Union Company (NYSE:WU) by 99.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,670 shares of the credit services provider’s stock after purchasing an additional 21,773 shares during the quarter. ING Groep NV’s holdings in The Western Union were worth $830,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in The Western Union in the third quarter valued at about $186,000. Fox Run Management L.L.C. bought a new position in The Western Union in the fourth quarter valued at about $196,000. Rehmann Capital Advisory Group bought a new position in The Western Union in the third quarter valued at about $198,000. Hudson Capital Management LLC bought a new position in The Western Union in the fourth quarter valued at about $215,000. Finally, Haverford Financial Services Inc. bought a new position in The Western Union in the third quarter valued at about $219,000.
Shares of The Western Union Company (WU) opened at $20.30 on Thursday. The Western Union Company has a one year low of $18.39 and a one year high of $22.21. The company has a market capitalization of $9,320.00, a P/E ratio of 44.13, a P/E/G ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. 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 dividend payout ratio (DPR) is 152.17%.
In other The Western Union news, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Claude Farah sold 50,813 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now directly owns 152,362 shares of the company’s stock, valued at approximately $3,275,783. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
A number of brokerages have recently issued reports on WU. Mizuho upgraded The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Wednesday. Zacks Investment Research upgraded The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, November 6th. Goldman Sachs Group reaffirmed a “sell” rating and set a $17.00 target price on shares of The Western Union in a research note on Thursday, December 14th. William Blair reaffirmed a “market perform” rating on shares of The Western Union in a research note on Wednesday. Finally, Morgan Stanley raised their target price on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The Western Union has a consensus rating of “Hold” and a consensus target price 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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