Schwab Charles Investment Management Inc. grew its position in shares of Western Union Company (The) (NYSE:WU) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,547,578 shares of the credit services provider’s stock after buying an additional 57,792 shares during the period. Schwab Charles Investment Management Inc. owned about 0.55% of Western Union worth $48,914,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new position in Western Union during the 2nd quarter worth approximately $121,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Western Union during the 2nd quarter worth approximately $129,000. IFP Advisors Inc lifted its holdings in Western Union by 3.1% during the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Western Union by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after buying an additional 627 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Western Union in the 3rd quarter worth approximately $198,000.
In related news, EVP Jean Claude Farah sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total value of $359,119.00. Following the sale, the executive vice president now directly owns 139,500 shares in the company, valued at approximately $2,859,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.
Western Union (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. Western Union had a return on equity of 116.85% and a net margin of 3.83%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. equities analysts predict that Western Union Company will post 1.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.61%. Western Union’s dividend payout ratio is currently 152.17%.
Several analysts recently issued reports on WU shares. ValuEngine downgraded Western Union from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, November 6th. Citigroup raised their price target on Western Union from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Friday, November 3rd. Morgan Stanley raised their price target on Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, Mizuho reissued a “sell” rating and issued a $16.00 price target on shares of Western Union in a report on Sunday, October 15th. Six analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Western Union presently has an average rating of “Hold” and a consensus price target of $20.14.
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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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