Parametric Portfolio Associates LLC increased its stake in The Western Union Company (NYSE:WU) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,716,140 shares of the credit services provider’s stock after acquiring an additional 118,060 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.37% of The Western Union worth $32,950,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WU. Skandinaviska Enskilda Banken AB publ lifted its position in shares of The Western Union by 53.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock valued at $53,968,000 after buying an additional 984,900 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of The Western Union by 412.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,000 shares of the credit services provider’s stock valued at $23,089,000 after buying an additional 975,700 shares during the last quarter. FMR LLC raised its stake in shares of The Western Union by 2.3% during the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock valued at $796,941,000 after purchasing an additional 926,405 shares during the period. Van ECK Associates Corp bought a new stake in shares of The Western Union during the 3rd quarter valued at $16,772,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in The Western Union by 34.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,776,892 shares of the credit services provider’s stock worth $52,899,000 after acquiring an additional 708,107 shares during the last quarter.
In related news, EVP Jean Claude Farah sold 17,518 shares of The Western Union stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the sale, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. equities analysts anticipate that The Western Union Company will post 1.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.70 annualized dividend and a yield of 3.67%. The Western Union’s dividend payout ratio (DPR) is presently 152.17%.
Several equities analysts have recently commented on WU shares. Goldman Sachs Group reiterated a “sell” rating and set a $17.00 price objective on shares of The Western Union in a research report on Thursday, December 14th. ValuEngine upgraded The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, November 6th. Citigroup raised their price objective on The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley raised their price objective on The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.88.
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About The Western Union
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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