Financial Advocates Investment Management Takes $211,000 Position in The Western Union Company (NYSE:WU)

Financial Advocates Investment Management acquired a new stake in The Western Union Company (NYSE:WUFree Report) in the 4th quarter, Holdings Channel reports. The firm acquired 17,730 shares of the credit services provider’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Panagora Asset Management Inc. raised its position in shares of Western Union by 5.1% during the 4th quarter. Panagora Asset Management Inc. now owns 70,588 shares of the credit services provider’s stock worth $841,000 after acquiring an additional 3,426 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Western Union by 351.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 959,162 shares of the credit services provider’s stock worth $11,434,000 after acquiring an additional 746,625 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Western Union by 6.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,535 shares of the credit services provider’s stock worth $444,000 after acquiring an additional 2,325 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Western Union by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,277 shares of the credit services provider’s stock worth $385,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Western Union by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,543,650 shares of the credit services provider’s stock worth $54,161,000 after acquiring an additional 721,331 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Insider Buying and Selling at Western Union

In related news, Director Timothy P. Murphy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $12.85 per share, for a total transaction of $128,500.00. Following the transaction, the director now owns 56,205 shares in the company, valued at approximately $722,234.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on WU. Monness Crespi & Hardt began coverage on Western Union in a research report on Wednesday, March 20th. They set a “neutral” rating on the stock. Barclays lifted their price target on Western Union from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. Evercore ISI lifted their price target on Western Union from $14.00 to $15.00 and gave the stock an “in-line” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets lifted their price target on Western Union from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.61.

Read Our Latest Research Report on WU

Western Union Stock Down 0.2 %

Shares of NYSE WU opened at $12.93 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.38. The firm has a 50-day moving average price of $13.39 and a 200 day moving average price of $12.70. The Western Union Company has a 52 week low of $10.92 and a 52 week high of $14.19. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.88 and a beta of 0.84.

Western Union (NYSE:WUGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Western Union had a return on equity of 120.76% and a net margin of 14.12%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that The Western Union Company will post 1.76 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, June 14th. This represents a $0.94 annualized dividend and a dividend yield of 7.27%. Western Union’s dividend payout ratio is currently 55.62%.

Western Union Company Profile

(Free Report)

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.

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

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