Mackenzie Financial Corp Has $1,388,000 Stake in Western Union Company (The) (WU)

Mackenzie Financial Corp maintained its stake in Western Union Company (The) (NYSE:WU) during the first quarter, according to its most recent filing with the SEC. The firm owned 68,189 shares of the credit services provider’s stock at the end of the first quarter. Mackenzie Financial Corp’s holdings in Western Union Company (The) were worth $1,388,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in WU. FMR LLC raised its stake in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock valued at $832,474,000 after buying an additional 326,222 shares during the last quarter. Schroder Investment Management Group raised its stake in Western Union Company (The) by 13.9% in the first quarter. Schroder Investment Management Group now owns 7,841,777 shares of the credit services provider’s stock valued at $160,678,000 after buying an additional 954,959 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in Western Union Company (The) by 15.0% in the first quarter. Clarkston Capital Partners LLC now owns 7,521,884 shares of the credit services provider’s stock valued at $153,070,000 after buying an additional 981,132 shares during the last quarter. LSV Asset Management raised its stake in Western Union Company (The) by 7.7% in the first quarter. LSV Asset Management now owns 7,010,557 shares of the credit services provider’s stock valued at $142,664,000 after buying an additional 502,100 shares during the last quarter. Finally, Norges Bank acquired a new stake in Western Union Company (The) during the fourth quarter valued at approximately $113,540,000.

Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

Shares of Western Union Company (NYSE:WU) traded down 0.52% on Tuesday, hitting $19.00. The company had a trading volume of 1,171,010 shares. Western Union Company has a 52 week low of $18.07 and a 52 week high of $22.70. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 41.21 and a beta of 1.19. The stock’s 50-day moving average is $19.26 and its 200 day moving average is $20.19.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by $0.05. Western Union Company (The) had a net margin of 4.22% and a return on equity of 75.64%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Equities analysts expect that Western Union Company will post $1.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, June 14th. Western Union Company (The)’s payout ratio is currently 152.18%.

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WU has been the subject of several research reports. Zacks Investment Research raised shares of Western Union Company (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price target on shares of Western Union Company (The) in a research report on Thursday, April 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $23.00 price target on shares of Western Union Company (The) in a research report on Thursday, March 16th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.29.

Western Union Company (The) 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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