Caisse DE Depot ET Placement DU Quebec grew its stake in The Western Union Company (NYSE:WU) by 246.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 245,400 shares of the credit services provider’s stock after buying an additional 174,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in The Western Union were worth $4,665,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new position in shares of The Western Union in the 4th quarter valued at about $14,914,000. Sun Life Financial INC raised its holdings in The Western Union by 199.0% in the 4th quarter. Sun Life Financial INC now owns 66,269 shares of the credit services provider’s stock worth $1,260,000 after purchasing an additional 44,109 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in The Western Union in the 4th quarter worth about $17,167,000. Geode Capital Management LLC raised its holdings in The Western Union by 13.9% in the 4th quarter. Geode Capital Management LLC now owns 5,517,365 shares of the credit services provider’s stock worth $104,692,000 after purchasing an additional 673,748 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new position in The Western Union in the 4th quarter worth about $159,000.
In other The Western Union news, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the sale, the insider now directly owns 93,694 shares in the company, valued at approximately $2,060,331.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm posted $0.47 earnings per share. equities analysts anticipate that The Western Union Company will post 1.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.19 per share. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 15th. The Western Union’s payout ratio is -56.00%.
A number of equities analysts recently weighed in on the company. ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised The Western Union from a “strong sell” rating to a “hold” rating in a report on Thursday, February 15th. Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group raised The Western Union to a “neutral” rating in a report on Monday, January 8th. Finally, TheStreet cut The Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The Western Union has an average rating of “Hold” and a consensus target price of $19.85.
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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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