Ellis Investment Partners LLC purchased a new stake in The Western Union Company (NYSE:WU) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,940 shares of the credit services provider’s stock, valued at approximately $36,000.
A number of other hedge funds have also modified their holdings of WU. Los Angeles Capital Management & Equity Research Inc. lifted its position in The Western Union by 36.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 406,460 shares of the credit services provider’s stock valued at $6,934,000 after acquiring an additional 108,549 shares during the last quarter. Tredje AP fonden lifted its position in The Western Union by 34.8% in the fourth quarter. Tredje AP fonden now owns 120,422 shares of the credit services provider’s stock valued at $2,077,000 after acquiring an additional 31,075 shares during the last quarter. Monument Capital Management lifted its position in The Western Union by 10.4% in the fourth quarter. Monument Capital Management now owns 98,458 shares of the credit services provider’s stock valued at $1,680,000 after acquiring an additional 9,251 shares during the last quarter. Diligent Investors LLC lifted its position in The Western Union by 15.4% in the fourth quarter. Diligent Investors LLC now owns 45,380 shares of the credit services provider’s stock valued at $774,000 after acquiring an additional 6,060 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in The Western Union by 21.9% in the third quarter. Pacer Advisors Inc. now owns 26,072 shares of the credit services provider’s stock valued at $497,000 after acquiring an additional 4,689 shares during the last quarter.
NYSE WU traded up $0.06 during trading on Wednesday, reaching $19.47. The company’s stock had a trading volume of 4,288,077 shares, compared to its average volume of 5,833,151. The firm has a market cap of $8.29 billion, a PE ratio of 10.14, a P/E/G ratio of 3.17 and a beta of 0.91. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $21.37.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Research analysts anticipate that The Western Union Company will post 1.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.11%. The Western Union’s dividend payout ratio is presently 41.67%.
A number of equities research analysts recently weighed in on WU shares. Zacks Investment Research raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, Northcoast Research cut shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.00.
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The Western Union 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.
Further Reading: Market Capitalization and Individual Investors
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