Rowlandmiller & PARTNERS.ADV Sells 2,327 Shares of The Western Union Company (NYSE:WU)

Rowlandmiller & PARTNERS.ADV lessened its holdings in The Western Union Company (NYSE:WU) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,621 shares of the credit services provider’s stock after selling 2,327 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Western Union were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. McIlrath & Eck LLC raised its position in shares of Western Union by 1,487.6% in the 4th quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 2,886 shares during the period. UMB Bank n.a. raised its position in shares of Western Union by 80.2% in the 1st quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 1,453 shares during the period. Huntington National Bank raised its position in shares of Western Union by 662.7% in the 4th quarter. Huntington National Bank now owns 3,722 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 3,234 shares during the period. GAMMA Investing LLC raised its position in shares of Western Union by 188.1% in the 1st quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider’s stock valued at $40,000 after acquiring an additional 2,483 shares during the period. Finally, Coppell Advisory Solutions LLC raised its position in shares of Western Union by 267.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 2,790 shares during the period. Institutional investors own 91.81% of the company’s stock.

Western Union Price Performance

Shares of WU opened at $9.28 on Wednesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 3.40, a P/E/G ratio of 1.32 and a beta of 0.68. The Western Union Company has a twelve month low of $9.00 and a twelve month high of $13.12. The company has a 50 day moving average of $9.69 and a 200-day moving average of $10.32. The company has a quick ratio of 1.10, a current ratio of 1.20 and a debt-to-equity ratio of 3.04.

Western Union (NYSE:WU) last released its earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Western Union had a net margin of 22.19% and a return on equity of 96.90%. The business had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.235 per share. The ex-dividend date is Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a yield of 10.13%. Western Union’s dividend payout ratio (DPR) is 35.07%.

Analysts Set New Price Targets

WU has been the topic of a number of analyst reports. Oppenheimer assumed coverage on shares of Western Union in a research report on Monday, June 2nd. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Western Union from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 24th. JMP Securities restated a “market perform” rating on shares of Western Union in a report on Thursday, April 24th. Monness Crespi & Hardt downgraded shares of Western Union from a “neutral” rating to a “sell” rating and set a $7.50 target price on the stock. in a report on Thursday, April 24th. Finally, Royal Bank of Canada dropped their target price on shares of Western Union from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.78.

Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer 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.