Steel Peak Wealth Management LLC bought a new stake in The Western Union Company (NYSE:WU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,719 shares of the credit services provider’s stock, valued at approximately $903,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in WU. Whittier Trust Co. grew its holdings in shares of The Western Union by 8.3% in the fourth quarter. Whittier Trust Co. now owns 5,056 shares of the credit services provider’s stock worth $135,000 after purchasing an additional 388 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of The Western Union by 7.7% in the third quarter. Cullen Frost Bankers Inc. now owns 5,495 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 392 shares during the last quarter. US Bancorp DE grew its holdings in shares of The Western Union by 1.2% in the fourth quarter. US Bancorp DE now owns 40,738 shares of the credit services provider’s stock worth $1,090,000 after purchasing an additional 480 shares during the last quarter. 6 Meridian grew its holdings in shares of The Western Union by 2.0% in the fourth quarter. 6 Meridian now owns 25,736 shares of the credit services provider’s stock worth $689,000 after purchasing an additional 497 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of The Western Union by 1.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,055 shares of the credit services provider’s stock worth $1,019,000 after purchasing an additional 570 shares during the last quarter.

In other news, CFO Rajesh K. Agrawal sold 24,553 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.94, for a total value of $661,457.82. Following the sale, the chief financial officer now directly owns 331,972 shares in the company, valued at approximately $8,943,325.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roberto G. Mendoza sold 26,504 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $26.94, for a total transaction of $714,017.76. Following the completion of the sale, the director now owns 94,334 shares in the company, valued at $2,541,357.96. The disclosure for this sale can be found here. Insiders sold a total of 53,474 shares of company stock worth $1,440,420 over the last 90 days. Company insiders own 1.33% of the company’s stock.

A number of research firms have recently commented on WU. Credit Suisse Group began coverage on shares of The Western Union in a report on Thursday, January 23rd. They issued an “underperform” rating and a $26.00 price target on the stock. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 29th. Morgan Stanley set a $20.00 target price on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Bank of America set a $21.00 target price on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Finally, TheStreet cut shares of The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Eight analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The Western Union presently has an average rating of “Hold” and a consensus price target of $24.81.

The Western Union stock traded up $0.14 during midday trading on Friday, hitting $26.20. 260,288 shares of the company’s stock were exchanged, compared to its average volume of 6,603,475. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The Western Union Company has a 12 month low of $17.52 and a 12 month high of $28.44. The firm has a 50-day moving average of $27.06 and a two-hundred day moving average of $24.93. The company has a market cap of $11.86 billion, a PE ratio of 10.05, a P/E/G ratio of 0.93 and a beta of 0.78.

The Western Union (NYSE:WU) last issued its earnings results on Tuesday, February 11th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. As a group, equities analysts expect that The Western Union Company will post 1.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.225 dividend. This is a boost from The Western Union’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, March 16th. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.

About The Western Union

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

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