Landscape Capital Management L.L.C. trimmed its position in The Western Union Company (NYSE:WU – Free Report) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,270 shares of the credit services provider’s stock after selling 931 shares during the period. Landscape Capital Management L.L.C.’s holdings in Western Union were worth $636,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its position in Western Union by 134.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,956 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 1,123 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Western Union by 92.2% during the third quarter. GHP Investment Advisors Inc. now owns 2,366 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 1,135 shares during the last quarter. Quarry LP lifted its stake in Western Union by 1,715.3% in the first quarter. Quarry LP now owns 3,685 shares of the credit services provider’s stock valued at $41,000 after buying an additional 3,482 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Western Union by 343.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,541 shares of the credit services provider’s stock valued at $53,000 after buying an additional 3,516 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Western Union by 294.5% in the second quarter. Fifth Third Bancorp now owns 5,515 shares of the credit services provider’s stock valued at $65,000 after buying an additional 4,117 shares during the last quarter. 88.83% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on WU shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 target price on shares of Western Union in a report on Tuesday, December 19th. Wolfe Research reaffirmed an “underperform” rating on shares of Western Union in a report on Thursday, January 4th. BMO Capital Markets started coverage on Western Union in a report on Tuesday, December 5th. They set a “market perform” rating and a $12.00 target price on the stock. UBS Group reaffirmed a “neutral” rating and set a $14.00 target price on shares of Western Union in a report on Friday, October 20th. Finally, William Blair reaffirmed a “market perform” rating on shares of Western Union in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.75.
Western Union Stock Performance
Shares of NYSE WU opened at $12.40 on Tuesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 6.26 and a beta of 0.83. The business’s 50-day simple moving average is $12.07 and its 200-day simple moving average is $12.26. The Western Union Company has a 52 week low of $10.07 and a 52 week high of $14.51.
Western Union Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend was Tuesday, December 19th. Western Union’s dividend payout ratio (DPR) is currently 47.47%.
About 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 for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.
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