Standard Life Aberdeen plc cut its holdings in The Western Union Company (NYSE:WU) by 27.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 268,879 shares of the credit services provider’s stock after selling 102,036 shares during the quarter. Standard Life Aberdeen plc owned about 0.06% of The Western Union worth $5,467,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of WU. Dupont Capital Management Corp boosted its stake in shares of The Western Union by 1,484.9% during the first quarter. Dupont Capital Management Corp now owns 31,555 shares of the credit services provider’s stock valued at $607,000 after purchasing an additional 29,564 shares in the last quarter. Sentry Investment Management LLC boosted its stake in shares of The Western Union by 13,123.4% during the first quarter. Sentry Investment Management LLC now owns 32,794 shares of the credit services provider’s stock valued at $631,000 after purchasing an additional 32,546 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of The Western Union during the first quarter valued at about $323,000. Meeder Asset Management Inc. acquired a new stake in shares of The Western Union during the first quarter valued at about $857,000. Finally, Boston Partners acquired a new stake in shares of The Western Union during the first quarter valued at about $131,161,000.
WU has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of The Western Union in a research note on Friday, August 3rd. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Wolfe Research assumed coverage on The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Finally, ValuEngine downgraded The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The Western Union presently has an average rating of “Hold” and an average price target of $18.93.
Shares of WU opened at $18.71 on Thursday. The Western Union Company has a 1 year low of $18.38 and a 1 year high of $22.21. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -7.38. The stock has a market cap of $8.46 billion, a PE ratio of 10.39, a P/E/G ratio of 2.39 and a beta of 0.98.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The Western Union had a negative return on equity of 560.31% and a negative net margin of 8.05%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business earned $0.50 earnings per share. The Western Union’s revenue was up 2.3% compared to the same quarter last year. research analysts anticipate that The Western Union Company will post 1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.06%. The Western Union’s dividend payout ratio (DPR) is 42.22%.
In other The Western Union news, EVP Richard L. Williams sold 20,207 shares of The Western Union stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $20.50, for a total value of $414,243.50. Following the completion of the sale, the executive vice president now directly owns 100,582 shares in the company, valued at $2,061,931. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sheri Rhodes sold 4,417 shares of The Western Union stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $21.00, for a total value of $92,757.00. Following the completion of the sale, the executive vice president now owns 55,824 shares of the company’s stock, valued at $1,172,304. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
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.
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