Toronto Dominion Bank increased its stake in shares of Western Union Company (The) (NYSE:WU) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,310 shares of the credit services provider’s stock after purchasing an additional 16,548 shares during the quarter. Toronto Dominion Bank’s holdings in Western Union were worth $3,384,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WU. FMR LLC lifted its holdings in shares of Western Union by 2.3% in the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock valued at $796,941,000 after purchasing an additional 926,405 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in shares of Western Union by 6.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock valued at $173,660,000 after purchasing an additional 572,066 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Western Union by 3.6% in the 2nd quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock valued at $138,372,000 after purchasing an additional 253,100 shares during the last quarter. Northern Trust Corp raised its stake in Western Union by 0.6% during the 2nd quarter. Northern Trust Corp now owns 7,227,131 shares of the credit services provider’s stock valued at $137,677,000 after acquiring an additional 45,302 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in Western Union by 1.2% during the 2nd quarter. APG Asset Management N.V. now owns 4,452,646 shares of the credit services provider’s stock valued at $84,823,000 after acquiring an additional 51,494 shares during the last quarter.
Several research firms have commented on WU. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union in a research note on Wednesday, August 9th. ValuEngine upgraded Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and set a $19.00 target price on shares of Western Union in a research report on Thursday, October 12th. Mizuho reiterated a “sell” rating and set a $16.00 target price on shares of Western Union in a research report on Sunday, October 15th. Finally, Morgan Stanley boosted their target price on Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.14.
Shares of Western Union Company (NYSE WU) traded up $0.12 during trading hours on Thursday, reaching $19.52. The company’s stock had a trading volume of 3,827,765 shares, compared to its average volume of 4,224,688. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70. The firm has a market cap of $8,970.00, a PE ratio of 10.57, a PEG ratio of 1.85 and a beta of 1.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98.
Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Western Union had a return on equity of 116.85% and a net margin of 3.83%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. equities analysts anticipate that Western Union Company will post 1.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.59%. Western Union’s dividend payout ratio (DPR) is currently 152.17%.
In related news, EVP Jean Claude Farah sold 17,518 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the sale, the executive vice president now directly owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.
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About Western Union
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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