QRG Capital Management Inc. increased its stake in shares of The Western Union Company (NYSE:WU – Free Report) by 54.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,592 shares of the credit services provider’s stock after buying an additional 69,128 shares during the quarter. QRG Capital Management Inc. owned about 0.06% of Western Union worth $1,830,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Western Union by 11,759.8% during the 4th quarter. SG Americas Securities LLC now owns 7,954,045 shares of the credit services provider’s stock worth $74,052,000 after acquiring an additional 7,886,978 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Western Union by 821.1% during the second quarter. Qube Research & Technologies Ltd now owns 4,170,343 shares of the credit services provider’s stock worth $35,114,000 after purchasing an additional 3,717,589 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Western Union by 28.0% during the third quarter. Schroder Investment Management Group now owns 16,948,328 shares of the credit services provider’s stock worth $135,417,000 after purchasing an additional 3,708,291 shares during the last quarter. Meridiem Capital Partners LP lifted its holdings in shares of Western Union by 190.7% during the third quarter. Meridiem Capital Partners LP now owns 4,545,827 shares of the credit services provider’s stock worth $36,321,000 after purchasing an additional 2,982,044 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Western Union by 128.4% during the third quarter. UBS Group AG now owns 4,900,542 shares of the credit services provider’s stock worth $39,155,000 after purchasing an additional 2,754,827 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.
Western Union Trading Up 0.5%
Shares of WU stock opened at $9.04 on Friday. The business’s fifty day moving average price is $9.22 and its 200 day moving average price is $9.23. The Western Union Company has a 1-year low of $7.85 and a 1-year high of $10.35. The firm has a market capitalization of $2.82 billion, a PE ratio of 6.64, a P/E/G ratio of 1.15 and a beta of 0.50. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 1.11.
Western Union Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.235 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.94 annualized dividend and a dividend yield of 10.4%. Western Union’s dividend payout ratio (DPR) is 69.12%.
Analyst Ratings Changes
Several brokerages have issued reports on WU. Weiss Ratings reissued a “hold (c-)” rating on shares of Western Union in a research note on Wednesday, January 21st. Cantor Fitzgerald raised shares of Western Union to a “strong sell” rating in a report on Tuesday, January 27th. Nine analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Western Union has an average rating of “Reduce” and a consensus target price of $8.82.
Read Our Latest Stock Report on WU
Insider Transactions at Western Union
In other Western Union news, insider Benjamin Carlton Adams sold 19,924 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $9.23, for a total transaction of $183,898.52. Following the transaction, the insider directly owned 234,689 shares in the company, valued at approximately $2,166,179.47. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Giovanni Angelini sold 6,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $9.47, for a total transaction of $56,820.00. Following the completion of the transaction, the insider directly owned 311,292 shares of the company’s stock, valued at approximately $2,947,935.24. This trade represents a 1.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.29% of the stock is currently owned by insiders.
About Western Union
Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.
Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.
See Also
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