The Western Union Company (WU) Short Interest Update

The Western Union Company (NYSE:WU) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 34,249,564 shares, a growth of 11.5% from the February 15th total of 30,726,095 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily volume of 5,451,218 shares, the days-to-cover ratio is currently 6.3 days.

Shares of The Western Union stock opened at $18.35 on Friday. The Western Union has a 12 month low of $16.42 and a 12 month high of $21.37. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 2.68 and a beta of 0.90.

The Western Union (NYSE:WU) last announced its earnings results on Thursday, February 7th. The credit services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts expect that The Western Union will post 1.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from The Western Union’s previous quarterly dividend of $0.19. The Western Union’s dividend payout ratio is presently 39.58%.

In other The Western Union news, CFO Rajesh K. Agrawal sold 21,950 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $18.35, for a total transaction of $402,782.50. Following the transaction, the chief financial officer now owns 266,009 shares in the company, valued at $4,881,265.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Monument Capital Management increased its holdings in shares of 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 purchasing an additional 9,251 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of The Western Union by 83.4% in the third quarter. Jupiter Asset Management Ltd. now owns 11,775,000 shares of the credit services provider’s stock valued at $224,432,000 after purchasing an additional 5,353,000 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of The Western Union in the third quarter valued at approximately $282,000. Bridgewater Associates LP increased its holdings in shares of The Western Union by 138.0% in the third quarter. Bridgewater Associates LP now owns 701,521 shares of the credit services provider’s stock valued at $13,371,000 after purchasing an additional 406,786 shares during the last quarter. Finally, Diligent Investors LLC increased its stake in The Western Union by 15.4% during the fourth quarter. Diligent Investors LLC now owns 45,380 shares of the credit services provider’s stock worth $774,000 after acquiring an additional 6,060 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

WU has been the topic of a number of recent analyst reports. Zacks Investment Research reiterated a “hold” rating on shares of The Western Union in a research report on Saturday, November 17th. Keefe, Bruyette & Woods assumed coverage on The Western Union in a report on Thursday, December 6th. They set a “market perform” rating for the company. Finally, ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.00.

ILLEGAL ACTIVITY WARNING: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.thelincolnianonline.com/2019/03/16/the-western-union-company-wu-short-interest-update.html.

The Western Union Company 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.

Read More: The risks of owning bonds

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.



Leave a Reply