Point72 Asia Hong Kong Ltd purchased a new position in The Western Union Company (NYSE:WU) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,037 shares of the credit services provider’s stock, valued at approximately $366,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in shares of The Western Union by 44.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 257,655 shares of the credit services provider’s stock worth $4,955,000 after purchasing an additional 79,116 shares during the period. Freestone Capital Holdings LLC raised its stake in shares of The Western Union by 8.5% during the 1st quarter. Freestone Capital Holdings LLC now owns 1,212,391 shares of the credit services provider’s stock worth $23,313,000 after acquiring an additional 95,009 shares in the last quarter. Jane Street Group LLC bought a new position in shares of The Western Union during the 1st quarter worth approximately $196,000. ETF Managers Group LLC raised its stake in shares of The Western Union by 18.6% during the 1st quarter. ETF Managers Group LLC now owns 384,175 shares of the credit services provider’s stock worth $7,272,000 after acquiring an additional 60,337 shares in the last quarter. Finally, Hancock Holding Co. bought a new position in shares of The Western Union during the 1st quarter worth approximately $1,273,000.
Shares of The Western Union stock opened at $20.97 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -8.36. The Western Union Company has a 12-month low of $18.38 and a 12-month high of $22.21. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 2.62 and a beta of 1.00.
The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The Western Union had a negative net margin of 9.00% and a positive return on equity of 698.54%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The Western Union’s revenue for the quarter was up 6.7% compared to the same quarter last year. research analysts forecast that The Western Union Company will post 1.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. The Western Union’s payout ratio is 42.22%.
In other The Western Union news, EVP Odilon Almeida sold 81,008 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $21.00, for a total transaction of $1,701,168.00. Following the transaction, the executive vice president now owns 227,597 shares in the company, valued at approximately $4,779,537. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
Several research analysts recently commented on WU shares. ValuEngine lowered shares of The Western Union from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Zacks Investment Research upgraded shares of The Western Union from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 15th. William Blair reiterated a “market perform” rating on shares of The Western Union in a research note on Wednesday, February 14th. Finally, Mizuho upgraded shares of The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price objective for the company in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and an average price target of $19.06.
The Western Union Profile
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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