Pacer Advisors Inc. increased its stake in The Western Union Company (NYSE:WU) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,798 shares of the credit services provider’s stock after purchasing an additional 3,593 shares during the period. Pacer Advisors Inc.’s holdings in The Western Union were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in WU. Signaturefd LLC boosted its stake in The Western Union by 66.5% in the 2nd quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 519 shares in the last quarter. Private Ocean LLC purchased a new position in The Western Union during the 2nd quarter worth approximately $30,000. Mcmillion Capital Management Inc. purchased a new position in The Western Union during the 2nd quarter worth approximately $49,000. Close Asset Management Ltd raised its position in The Western Union by 79.6% during the 1st quarter. Close Asset Management Ltd now owns 3,488 shares of the credit services provider’s stock worth $64,000 after buying an additional 1,546 shares during the last quarter. Finally, Squar Milner Financial Services LLC raised its position in The Western Union by 297.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 3,971 shares of the credit services provider’s stock worth $79,000 after buying an additional 2,971 shares during the last quarter.
WU traded down $0.20 during trading on Friday, reaching $23.36. 5,203,883 shares of the company’s stock were exchanged, compared to its average volume of 4,694,583. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $24.09. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $10.07 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 2.69 and a beta of 0.82. The company’s fifty day simple moving average is $21.73 and its 200-day simple moving average is $19.94.
The Western Union (NYSE:WU) last posted its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The Western Union had a negative return on equity of 309.12% and a net margin of 22.11%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that The Western Union Company will post 1.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, September 13th. The Western Union’s dividend payout ratio is presently 41.67%.
Separately, TheStreet raised shares of The Western Union from a “c+” rating to a “b” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The Western Union has a consensus rating of “Hold” and a consensus target price of $19.67.
In other news, Director Michael Miles sold 6,282 shares of The Western Union stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $24.00, for a total transaction of $150,768.00. Following the completion of the transaction, the director now directly owns 133,735 shares of the company’s stock, valued at approximately $3,209,640. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Amintore Schenkel sold 11,550 shares of The Western Union stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $24.00, for a total transaction of $277,200.00. Following the transaction, the insider now directly owns 95,028 shares of the company’s stock, valued at $2,280,672. The disclosure for this sale can be found here. Insiders have sold a total of 123,500 shares of company stock valued at $2,639,668 over the last three months. 1.33% of the stock is currently owned by insiders.
The Western Union Company 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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