AMP Capital Investors Ltd trimmed its holdings in The Western Union Company (NYSE:WU) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,686 shares of the credit services provider’s stock after selling 45,801 shares during the quarter. AMP Capital Investors Ltd’s holdings in The Western Union were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Assetmark Inc. raised its stake in The Western Union by 6,425.7% during the 4th quarter. Assetmark Inc. now owns 6,852 shares of the credit services provider’s stock worth $130,000 after buying an additional 6,747 shares during the period. Financial Gravity Companies Inc. acquired a new position in The Western Union during the 4th quarter worth approximately $159,000. Steward Partners Investment Advisory LLC acquired a new position in The Western Union during the 3rd quarter worth approximately $186,000. Financial Counselors Inc. acquired a new position in The Western Union during the 4th quarter worth approximately $191,000. Finally, Fox Run Management L.L.C. acquired a new position in The Western Union during the 4th quarter worth approximately $196,000.
A number of analysts have commented on the company. ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet lowered The Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. Zacks Investment Research raised The Western Union from a “strong sell” rating to a “hold” rating in a report on Thursday, February 15th. William Blair reissued a “market perform” rating on shares of The Western Union in a report on Wednesday, February 14th. Finally, Mizuho raised The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price objective for the company in a report on Wednesday, February 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The Western Union has an average rating of “Hold” and an average target price of $19.50.
Shares of The Western Union stock opened at $19.68 on Thursday. The company has a market capitalization of $9,020.63, a P/E ratio of -15.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05. The company has a debt-to-equity ratio of -6.17, a quick ratio of 0.82 and a current ratio of 0.82. The Western Union Company has a twelve month low of $18.39 and a twelve month high of $22.21.
The Western Union (NYSE:WU) last released its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.47 earnings per share. sell-side analysts predict that The Western Union Company will post 1.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 3.86%. The Western Union’s dividend payout ratio is currently -60.80%.
In other news, EVP Jean Claude Farah sold 50,813 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.thelincolnianonline.com/2018/03/22/the-western-union-company-wu-stake-lessened-by-amp-capital-investors-ltd.html.
About The 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.
Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.