North Star Asset Management Inc. continued to hold its stake in shares of Western Union Co. (NYSE:WU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,287 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Western Union were worth $2,166,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Western Union by 0.4% in the second quarter. Capstone Asset Management Co. now owns 43,012 shares of the company’s stock worth $825,000 after buying an additional 166 shares during the period. Cypress Capital Group boosted its stake in shares of Western Union by 0.8% in the first quarter. Cypress Capital Group now owns 24,904 shares of the company’s stock worth $480,000 after buying an additional 188 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. Conning Inc. boosted its stake in shares of Western Union by 4.2% in the second quarter. Conning Inc. now owns 12,739 shares of the company’s stock worth $244,000 after buying an additional 510 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in shares of 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 during the period.
Western Union Co. (NYSE:WU) traded down 0.514% during trading on Monday, reaching $20.315. The company’s stock had a trading volume of 1,141,732 shares. The firm has a market capitalization of $9.91 billion, a P/E ratio of 12.223 and a beta of 1.19. The firm has a 50-day moving average price of $20.83 and a 200-day moving average price of $19.95. Western Union Co. has a 52 week low of $16.02 and a 52 week high of $21.80.
Western Union (NYSE:WU) last issued its earnings results on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. Western Union’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Western Union Co. will post $1.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.64 dividend on an annualized basis and a yield of 3.13%. Western Union’s payout ratio is currently 38.55%.
A number of brokerages recently issued reports on WU. BTIG Research reissued a “buy” rating and issued a $23.00 target price on shares of Western Union in a research report on Monday, August 1st. Citigroup Inc. increased their price objective 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 increased their price objective 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 raised Western Union from a “sell” rating to a “hold” rating and set a $19.20 price objective for the company in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research raised Western Union from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.91.
In other news, EVP Odilon Almeida sold 18,064 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $21.57, for a total transaction of $389,640.48. Following the completion of the transaction, the executive vice president now directly owns 72,560 shares in the company, valued at $1,565,119.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Miles sold 21,281 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total value of $433,493.97. Following the transaction, the director now 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 company 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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