First Citizens Bank & Trust Co. reduced its stake in Western Union Co. (NYSE:WU) by 8.2% during the second quarter, Holdings Channel reports. The institutional investor owned 220,880 shares of the company’s stock after selling 19,647 shares during the period. First Citizens Bank & Trust Co.’s holdings in Western Union were worth $4,236,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of WU. LMR Partners LLP bought a new stake in shares of Western Union during the second quarter worth $631,000. Huntington National Bank boosted its stake in shares of Western Union by 7.3% in the second quarter. Huntington National Bank now owns 11,805 shares of the company’s stock worth $227,000 after buying an additional 801 shares during the period. American Century Companies Inc. boosted its stake in shares of Western Union by 0.7% in the second quarter. American Century Companies Inc. now owns 397,147 shares of the company’s stock worth $7,617,000 after buying an additional 2,619 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of Western Union by 0.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 48,295 shares of the company’s stock worth $926,000 after buying an additional 192 shares during the period. Finally, Boston Advisors LLC boosted its stake in shares of Western Union by 46.8% in the second quarter. Boston Advisors LLC now owns 654,697 shares of the company’s stock worth $12,557,000 after buying an additional 208,860 shares during the period.
Shares of Western Union Co. (NYSE:WU) traded down 0.59% during mid-day trading on Monday, reaching $20.30. The company’s stock had a trading volume of 1,072,742 shares. The company’s 50 day moving average price is $20.83 and its 200-day moving average price is $19.95. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 12.21 and a beta of 1.19. Western Union Co. has a 1-year low of $16.02 and a 1-year high of $21.80.
Western Union (NYSE:WU) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Western Union had a return on equity of 63.02% and a net margin of 15.33%. Western Union’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. Analysts predict that Western Union Co. will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Wednesday, September 14th. Western Union’s payout ratio is currently 38.55%.
WU has been the subject of a number of analyst reports. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Barclays PLC cut Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a research note on Thursday, July 7th. Vetr upgraded Western Union from a “strong sell” rating to a “hold” rating and set a $19.20 price target for the company in a research note on Thursday, July 7th. BTIG Research reiterated a “buy” rating and issued a $23.00 price target on shares of Western Union in a research note on Monday, August 1st. Finally, Citigroup Inc. increased their price target on Western Union from $15.50 to $17.00 and gave the company a “sell” rating in a research note on Thursday, August 4th. Eight equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.91.
In other news, CFO Rajesh K. Agrawal sold 9,263 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $21.50, for a total value of $199,154.50. Following the completion of the sale, the chief financial officer now directly owns 126,997 shares of the company’s stock, valued at approximately $2,730,435.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Miles sold 21,281 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $20.37, for a total value of $433,493.97. Following the completion of the sale, the director now directly owns 126,819 shares of the company’s stock, valued at $2,583,303.03. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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