Amalgamated Bank Has $1.15 Million Holdings in The Western Union Company (WU)
Amalgamated Bank boosted its position in The Western Union Company (NYSE:WU) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 60,710 shares of the credit services provider’s stock after buying an additional 4,016 shares during the quarter. Amalgamated Bank’s holdings in The Western Union were worth $1,154,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Assetmark Inc. raised its stake in shares of The Western Union by 6,425.7% during the fourth quarter. Assetmark Inc. now owns 6,852 shares of the credit services provider’s stock valued at $130,000 after acquiring an additional 6,747 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of The Western Union during the third quarter valued at approximately $186,000. Financial Counselors Inc. bought a new stake in shares of The Western Union during the fourth quarter valued at approximately $191,000. Fox Run Management L.L.C. bought a new stake in shares of The Western Union during the fourth quarter valued at approximately $196,000. Finally, Hudson Capital Management LLC bought a new stake in shares of The Western Union during the fourth quarter valued at approximately $215,000.
Several equities analysts recently issued reports on WU shares. 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 set a $17.00 price objective 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 objective on the stock in a report on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.85.
The Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. sell-side analysts anticipate that The Western Union Company will post 1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.19 dividend. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, March 15th. The Western Union’s payout ratio is currently 125.00%.
In other The Western Union news, insider Amintore Schenkel sold 15,600 shares of The Western Union stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the transaction, the insider now directly owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jean Claude Farah sold 50,813 shares of The Western Union stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the completion of the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
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The Western Union Company Profile
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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