Tocqueville Asset Management L.P. raised its position in The Western Union Company (NYSE:WU) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,066 shares of the credit services provider’s stock after purchasing an additional 3,905 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in The Western Union were worth $400,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC increased its position in shares of The Western Union by 94.5% during the third quarter. Sun Life Financial INC now owns 22,160 shares of the credit services provider’s stock worth $425,000 after acquiring an additional 10,765 shares during the period. PVG Asset Management Corp purchased a new stake in shares of The Western Union during the third quarter worth $269,000. ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of The Western Union during the third quarter worth $338,000. Stephens Inc. AR increased its position in shares of The Western Union by 11.7% during the fourth quarter. Stephens Inc. AR now owns 39,182 shares of the credit services provider’s stock worth $745,000 after acquiring an additional 4,104 shares during the period. Finally, M&T Bank Corp increased its position in shares of The Western Union by 20.9% during the fourth quarter. M&T Bank Corp now owns 78,292 shares of the credit services provider’s stock worth $1,487,000 after acquiring an additional 13,561 shares during the period.
In other The Western Union news, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the transaction, the insider now directly owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the completion of the transaction, the executive vice president now directly owns 152,362 shares of the company’s stock, valued at $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
The Western Union (NYSE:WU) last announced its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. The Western Union had a negative net margin of 10.09% and a positive return on equity of 206.81%. During the same quarter in the previous year, the business earned $0.47 EPS. equities analysts forecast that The Western Union Company will post 1.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.19 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.73%. This is an increase from The Western Union’s previous quarterly dividend of $0.18. The Western Union’s dividend payout ratio (DPR) is presently 125.00%.
A number of research firms have recently weighed in on WU. Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. UBS Group raised The Western Union to a “neutral” rating in a research report on Monday, January 8th. TheStreet lowered The Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, William Blair restated a “market perform” rating on shares of The Western Union in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.85.
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The Western Union Profile
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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