AE Wealth Management LLC Acquires 12,167 Shares of The Western Union Company (NYSE:WU)

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AE Wealth Management LLC increased its holdings in The Western Union Company (NYSE:WU) by 87.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 26,109 shares of the credit services provider’s stock after purchasing an additional 12,167 shares during the period. AE Wealth Management LLC’s holdings in The Western Union were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brooktree Capital Management bought a new position in The Western Union in the 4th quarter valued at $368,000. Atria Investments LLC boosted its holdings in The Western Union by 196.6% in the 4th quarter. Atria Investments LLC now owns 39,388 shares of the credit services provider’s stock valued at $1,055,000 after purchasing an additional 26,107 shares during the period. Amalgamated Bank boosted its holdings in The Western Union by 3.2% in the 4th quarter. Amalgamated Bank now owns 65,182 shares of the credit services provider’s stock valued at $1,746,000 after purchasing an additional 2,037 shares during the period. DT Investment Partners LLC boosted its holdings in The Western Union by 3.4% in the 4th quarter. DT Investment Partners LLC now owns 263,794 shares of the credit services provider’s stock valued at $7,065,000 after purchasing an additional 8,755 shares during the period. Finally, American International Group Inc. boosted its holdings in The Western Union by 1.2% in the 4th quarter. American International Group Inc. now owns 185,947 shares of the credit services provider’s stock valued at $4,980,000 after purchasing an additional 2,290 shares during the period.

Shares of WU opened at $18.89 on Friday. The firm’s 50-day moving average price is $19.12 and its 200-day moving average price is $24.02. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.44 and a beta of 0.89. The Western Union Company has a 1-year low of $17.39 and a 1-year high of $28.44.

The Western Union (NYSE:WU) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. The Western Union had a net margin of 20.64% and a negative return on equity of 1,692.22%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, sell-side analysts expect that The Western Union Company will post 1.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, June 15th. The Western Union’s payout ratio is currently 52.02%.

Several research analysts have commented on the stock. Citigroup cut their price target on shares of The Western Union from $23.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, March 26th. Northland Securities lowered their price objective on shares of The Western Union from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 30th. Cfra lowered their price objective on shares of The Western Union from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Deutsche Bank lowered their price objective on shares of The Western Union from $28.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Finally, BTIG Research restated a “buy” rating and set a $28.00 price objective on shares of The Western Union in a research report on Thursday. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.71.

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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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)

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