The Western Union Company (NYSE:WU) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of The Western Union Company (NYSE:WU) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,193,693 shares of the credit services provider’s stock after purchasing an additional 330,194 shares during the quarter. Geode Capital Management LLC owned about 2.02% of The Western Union worth $187,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake in shares of The Western Union by 4.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 225,188 shares of the credit services provider’s stock valued at $5,172,000 after buying an additional 10,368 shares during the period. Van ECK Associates Corp increased its position in The Western Union by 11.1% during the first quarter. Van ECK Associates Corp now owns 2,750,943 shares of the credit services provider’s stock worth $67,838,000 after buying an additional 274,202 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of The Western Union by 1,938.7% in the first quarter. Pinebridge Investments L.P. now owns 264,751 shares of the credit services provider’s stock valued at $6,529,000 after purchasing an additional 251,765 shares during the period. OmniStar Financial Group Inc. acquired a new position in shares of The Western Union in the first quarter valued at approximately $323,000. Finally, BlackRock Inc. boosted its stake in shares of The Western Union by 0.6% in the second quarter. BlackRock Inc. now owns 51,872,736 shares of the credit services provider’s stock valued at $1,191,516,000 after buying an additional 298,893 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

NYSE WU opened at $20.36 on Thursday. The company has a debt-to-equity ratio of 10.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average is $21.31 and its two-hundred day moving average is $23.33. The firm has a market cap of $8.27 billion, a P/E ratio of 10.39 and a beta of 0.99. The Western Union Company has a fifty-two week low of $19.07 and a fifty-two week high of $26.61.

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

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

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

The Western Union Company 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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