California State Teachers Retirement System trimmed its holdings in shares of The Western Union Company (NYSE:WU) by 7.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 820,203 shares of the credit services provider’s stock after selling 62,734 shares during the period. California State Teachers Retirement System owned about 0.18% of The Western Union worth $15,748,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Fiduciary Trust Co. bought a new stake in The Western Union during the second quarter worth approximately $121,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in The Western Union during the second quarter worth approximately $129,000. IFP Advisors Inc boosted its holdings in The Western Union by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in The Western Union by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after buying an additional 627 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of The Western Union in the 3rd quarter valued at approximately $198,000.
In other news, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now owns 93,694 shares in the company, valued at approximately $2,060,331.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now owns 152,362 shares in the company, valued at approximately $3,275,783. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,931 shares of company stock valued at $1,794,643. Insiders own 1.10% of the company’s stock.
The Western Union Company (WU) traded down $0.06 during mid-day trading on Friday, reaching $21.12. 3,665,550 shares of the company’s stock were exchanged, compared to its average volume of 6,475,255. The Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The stock has a market cap of $9,727.81, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00.
The Western Union (NYSE:WU) last released its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. analysts expect that The Western Union Company will post 1.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.70 dividend on an annualized basis and a yield of 3.31%. The Western Union’s payout ratio is 152.17%.
Several equities research analysts recently commented on WU shares. ValuEngine upgraded shares of The Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, November 6th. Jefferies Group restated a “hold” rating and issued a $19.00 price target on shares of The Western Union in a research report on Thursday, October 12th. Susquehanna Bancshares upgraded shares of The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, UBS Group upgraded shares of The Western Union to a “neutral” rating in a research report on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.59.
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The Western Union Company 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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