Vanguard Group Inc. Raises Stock Position in The Western Union Company (NYSE:WU)

Vanguard Group Inc. increased its holdings in shares of The Western Union Company (NYSE:WU) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,988,007 shares of the credit services provider’s stock after purchasing an additional 6,872 shares during the period. Vanguard Group Inc. owned approximately 0.12% of The Western Union worth $1,102,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of WU. Stonebridge Capital Advisors LLC acquired a new stake in The Western Union during the first quarter valued at $27,000. SkyView Investment Advisors LLC grew its position in shares of The Western Union by 347.8% in the first quarter. SkyView Investment Advisors LLC now owns 1,209 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 939 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of The Western Union by 146.1% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,040 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 1,211 shares during the period. Bbva USA acquired a new stake in shares of The Western Union in the second quarter valued at about $52,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of The Western Union in the second quarter valued at about $62,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

The Western Union stock opened at $20.36 on Thursday. The company’s 50 day simple moving average is $21.31 and its 200-day simple moving average is $23.33. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 10.39 and a beta of 0.99. The Western Union Company has a 1 year low of $19.07 and a 1 year high of $26.61. The company has a debt-to-equity ratio of 10.47, a quick ratio of 0.94 and a current ratio of 0.94.

The Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, August 3rd. The credit services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. The Western Union had a net margin of 16.10% and a return on equity of 424.46%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts expect that The Western Union Company will post 2.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Wednesday, September 15th. The Western Union’s dividend payout ratio (DPR) is currently 50.27%.

Separately, Citigroup raised shares of The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday, September 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.75.

The Western Union Profile

The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.

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

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