The Western Union Company (NYSE:WU) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in The Western Union Company (NYSE:WU) by 6.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 29,903 shares of the credit services provider’s stock after buying an additional 1,729 shares during the quarter. Ritholtz Wealth Management’s holdings in The Western Union were worth $737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WU. Victory Capital Management Inc. increased its position in The Western Union by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,031,188 shares of the credit services provider’s stock worth $22,624,000 after purchasing an additional 99,644 shares during the last quarter. Aigen Investment Management LP acquired a new stake in The Western Union during the first quarter worth about $7,789,000. Westpac Banking Corp increased its position in The Western Union by 132.3% during the fourth quarter. Westpac Banking Corp now owns 315,942 shares of the credit services provider’s stock worth $6,932,000 after purchasing an additional 179,914 shares during the last quarter. Schroder Investment Management Group increased its position in The Western Union by 24.5% during the fourth quarter. Schroder Investment Management Group now owns 3,601,832 shares of the credit services provider’s stock worth $79,024,000 after purchasing an additional 708,810 shares during the last quarter. Finally, TD Ameritrade Investment Management LLC acquired a new stake in The Western Union during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

NYSE WU opened at $24.77 on Friday. The company has a 50 day simple moving average of $25.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 14.76. The Western Union Company has a one year low of $19.07 and a one year high of $26.61. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 13.69 and a beta of 0.99.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Monday, May 3rd. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The Western Union had a net margin of 15.44% and a return on equity of 775.45%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts forecast that The Western Union Company will post 2.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be paid a $0.235 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $0.94 dividend on an annualized basis and a yield of 3.79%. The Western Union’s dividend payout ratio is currently 50.27%.

In other The Western Union news, insider Caroline Tsai sold 7,164 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $24.85, for a total transaction of $178,025.40. Following the sale, the insider now owns 80,562 shares of the company’s stock, valued at $2,001,965.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rajesh K. Agrawal sold 109,510 shares of the firm’s stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $24.95, for a total transaction of $2,732,274.50. Following the sale, the chief financial officer now directly owns 519,690 shares in the company, valued at approximately $12,966,265.50. The disclosure for this sale can be found here. Insiders sold 119,480 shares of company stock valued at $2,979,748 in the last quarter. 1.33% of the stock is owned by insiders.

Several equities research analysts recently issued reports on WU shares. Zacks Investment Research cut shares of The Western Union from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, April 20th. Morgan Stanley increased their target price on shares of The Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 5th. Credit Suisse Group increased their target price on shares of The Western Union from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Thursday, February 11th. Wells Fargo & Company raised shares of The Western Union from an “underweight” rating to an “equal weight” rating and set a $25.00 target price for the company in a research note on Thursday, February 11th. Finally, Citigroup increased their target price on shares of The Western Union from $24.00 to $25.50 in a research note on Thursday, February 11th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The Western Union presently has an average rating of “Hold” and a consensus price target of $24.32.

The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. It 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 and sub-agents.

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

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