Brown Advisory Inc. boosted its stake in Western Union Co. (NYSE:WU) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,990 shares of the company’s stock after buying an additional 5,987 shares during the period. Brown Advisory Inc.’s holdings in Western Union were worth $805,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WU. Seven Eight Capital LLC acquired a new stake in Western Union during the first quarter worth $105,000. Checchi Capital Advisers LLC boosted its stake in Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in Western Union during the second quarter worth $109,000. Loomis Sayles & Co. L P boosted its stake in Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares in the last quarter. Finally, Commerce Bank acquired a new stake in Western Union during the second quarter worth $197,000.
Shares of Western Union Co. (NYSE:WU) traded down 0.10% during midday trading on Thursday, hitting $20.48. The stock had a trading volume of 636,514 shares. Western Union Co. has a one year low of $16.02 and a one year high of $21.80. The firm has a 50 day moving average of $20.94 and a 200-day moving average of $19.88. The company has a market cap of $9.99 billion, a P/E ratio of 12.32 and a beta of 1.16.
Western Union (NYSE:WU) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. On average, analysts forecast that Western Union Co. will post $1.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.64 annualized dividend and a dividend yield of 3.12%. Western Union’s dividend payout ratio (DPR) is currently 38.55%.
A number of analysts have weighed in on the company. BTIG Research restated a “buy” rating and issued a $23.00 price target on shares of Western Union in a research note on Monday, August 1st. Citigroup Inc. lifted their target price on Western Union from $15.50 to $17.00 and gave the stock a “sell” rating in a research report on Thursday, August 4th. Barclays PLC lifted their target price on Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, August 4th. Vetr upgraded Western Union from a “sell” rating to a “hold” rating and set a $19.20 target price on the stock in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded Western Union from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.91.
In related news, Director Betsy D. Holden sold 21,281 shares of Western Union stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now directly owns 93,826 shares of the company’s stock, valued at approximately $1,972,222.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rajesh K. Agrawal sold 9,263 shares of Western Union stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $21.50, for a total transaction of $199,154.50. Following the transaction, the chief financial officer now directly owns 126,997 shares of the company’s stock, valued at $2,730,435.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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