Sciencast Management LP purchased a new stake in The Western Union Company (NYSE:WU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 94,800 shares of the credit services provider’s stock, valued at approximately $2,491,000. The Western Union accounts for approximately 0.7% of Sciencast Management LP’s investment portfolio, making the stock its 27th biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC acquired a new position in shares of The Western Union in the 4th quarter valued at $373,000. Wedge Capital Management L L P NC acquired a new position in shares of The Western Union in the 4th quarter valued at $42,387,000. Tocqueville Asset Management L.P. boosted its position in shares of The Western Union by 21.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 17,958 shares of the credit services provider’s stock valued at $481,000 after purchasing an additional 3,188 shares during the period. 6 Meridian boosted its position in shares of The Western Union by 2.0% in the 4th quarter. 6 Meridian now owns 25,736 shares of the credit services provider’s stock valued at $689,000 after purchasing an additional 497 shares during the period. Finally, DNB Asset Management AS boosted its position in shares of The Western Union by 91.3% in the 4th quarter. DNB Asset Management AS now owns 91,041 shares of the credit services provider’s stock valued at $2,438,000 after purchasing an additional 43,440 shares during the period.

Shares of NYSE WU opened at $27.23 on Thursday. The Western Union Company has a one year low of $17.43 and a one year high of $28.00. The firm has a market capitalization of $11.18 billion, a PE ratio of 14.18, a PEG ratio of 1.10 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 101.99. The business has a 50-day moving average price of $26.83 and a two-hundred day moving average price of $23.92.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Research analysts anticipate that The Western Union Company will post 1.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 2.94%. The Western Union’s payout ratio is presently 41.67%.

A number of equities analysts recently weighed in on the company. Bank of America set a $21.00 price target on The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Citigroup set a $20.50 price target on The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $23.00 price target on The Western Union and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley set a $20.00 price target on The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Finally, SunTrust Banks increased their price target on The Western Union to $26.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.05.

In other news, insider Andrew Summerill sold 2,125 shares of The Western Union stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $27.55, for a total transaction of $58,543.75. Following the completion of the sale, the insider now directly owns 18,047 shares in the company, valued at approximately $497,194.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roberto G. Mendoza sold 26,504 shares of The Western Union stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $26.94, for a total value of $714,017.76. Following the sale, the director now owns 94,334 shares of the company’s stock, valued at $2,541,357.96. The disclosure for this sale can be found here. Insiders have sold a total of 73,955 shares of company stock valued at $1,975,551 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

The Western Union 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.

See Also: Cost of Debt

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.