Fort L.P. lifted its position in shares of The Western Union Company (NYSE:WU) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,053,346 shares of the credit services provider’s stock after purchasing an additional 333,486 shares during the period. The Western Union accounts for approximately 4.7% of Fort L.P.’s portfolio, making the stock its 6th largest position. Fort L.P.’s holdings in The Western Union were worth $20,024,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of WU. Financial Counselors Inc. purchased a new stake in The Western Union in the fourth quarter worth about $191,000. Quadrature Capital Ltd lifted its holdings in The Western Union by 50.9% in the fourth quarter. Quadrature Capital Ltd now owns 72,641 shares of the credit services provider’s stock worth $1,383,000 after buying an additional 24,515 shares during the period. Navellier & Associates Inc purchased a new stake in The Western Union in the fourth quarter worth about $1,348,000. Eaton Vance Management lifted its holdings in The Western Union by 12.4% in the fourth quarter. Eaton Vance Management now owns 113,696 shares of the credit services provider’s stock worth $2,161,000 after buying an additional 12,519 shares during the period. Finally, OppenheimerFunds Inc. purchased a new stake in The Western Union in the fourth quarter worth about $819,000.
Several analysts have commented on WU shares. Morgan Stanley raised their price objective on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Citigroup raised their price objective on shares of The Western Union from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, November 6th. ValuEngine upgraded shares of The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $17.00 target price on shares of The Western Union in a research note on Thursday, December 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.85.
Shares of The Western Union Company (NYSE WU) opened at $20.30 on Tuesday. The company has a debt-to-equity ratio of -6.17, a current ratio of 0.82 and a quick ratio of 0.82. The Western Union Company has a 1 year low of $18.39 and a 1 year high of $22.21. The company has a market cap of $9,296.21, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05.
The Western Union (NYSE:WU) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The Western Union had a positive return on equity of 206.81% and a negative net margin of 10.09%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $0.47 EPS. equities analysts expect that The Western Union Company will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, March 15th. This is an increase from The Western Union’s previous quarterly dividend of $0.18. The Western Union’s payout ratio is -56.00%.
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About The 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. 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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