Standard Life Aberdeen plc trimmed its position in The Western Union Company (NYSE:WU) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,263 shares of the credit services provider’s stock after selling 110,577 shares during the quarter. Standard Life Aberdeen plc’s holdings in The Western Union were worth $2,927,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in WU. Chicago Equity Partners LLC acquired a new stake in The Western Union in the third quarter worth $282,000. Private Advisor Group LLC acquired a new stake in The Western Union in the third quarter worth $271,000. Janney Montgomery Scott LLC raised its holdings in The Western Union by 5.7% in the third quarter. Janney Montgomery Scott LLC now owns 67,135 shares of the credit services provider’s stock worth $1,280,000 after purchasing an additional 3,597 shares during the period. Dupont Capital Management Corp raised its holdings in The Western Union by 37.8% in the third quarter. Dupont Capital Management Corp now owns 47,132 shares of the credit services provider’s stock worth $898,000 after purchasing an additional 12,917 shares during the period. Finally, SG Americas Securities LLC raised its holdings in The Western Union by 68.0% in the third quarter. SG Americas Securities LLC now owns 124,985 shares of the credit services provider’s stock worth $2,382,000 after purchasing an additional 50,579 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.
In other The Western Union news, CFO Rajesh K. Agrawal sold 21,950 shares of The Western Union stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $18.35, for a total value of $402,782.50. Following the completion of the sale, the chief financial officer now owns 266,009 shares in the company, valued at approximately $4,881,265.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The Western Union had a net margin of 15.24% and a negative return on equity of 225.33%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts forecast that The Western Union Company will post 1.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.20 dividend. This is a boost from The Western Union’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.40%. The Western Union’s payout ratio is 39.58%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research reissued a “hold” rating on shares of The Western Union in a research report on Saturday, November 17th. Keefe, Bruyette & Woods assumed coverage on shares of The Western Union in a research report on Thursday, December 6th. They set a “market perform” rating for the company. Finally, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.
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About The Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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