First Nationwide Belief Co lowered its place in shares of The Western Union Firm (NYSE:WU) by 50.1% through the second quarter, based on its most up-to-date disclosure with the Securities and Alternate Fee. The fund owned 75,763 shares of the credit score companies supplier’s inventory after promoting 76,062 shares through the quarter. First Nationwide Belief Co’s holdings in The Western Union have been value $1,507,000 as of its most up-to-date SEC submitting.
Different institutional traders and hedge funds have additionally not too long ago modified their holdings of the corporate. Somerset Belief Co purchased a brand new stake in The Western Union through the first quarter valued at $26,000. Ellis Funding Companions LLC purchased a brand new stake in The Western Union through the first quarter valued at $36,000. Traders Analysis Corp purchased a brand new stake in The Western Union through the first quarter valued at $50,000. Shut Asset Administration Ltd boosted its place in The Western Union by 79.6% through the first quarter. Shut Asset Administration Ltd now owns three,488 shares of the credit score companies supplier’s inventory valued at $64,000 after buying a further 1,546 shares over the last quarter. Lastly, Cullen Frost Bankers Inc. purchased a brand new stake in The Western Union through the first quarter valued at $113,000.
In associated information, EVP Richard L. Williams bought 35,686 shares of the agency’s inventory in a transaction dated Wednesday, July 10th. The shares have been bought at a mean value of $20.75, for a complete worth of $740,484.50. Following the transaction, the manager vice chairman now owns 130,439 shares of the corporate’s inventory, valued at roughly $2,706,609.25. The sale was disclosed in a authorized submitting with the SEC, which is offered by way of this hyperlink. Additionally, insider Jacqueline D. Molnar bought 15,712 shares of the agency’s inventory in a transaction dated Monday, June 24th. The shares have been bought at a mean value of $20.14, for a complete transaction of $316,439.68. Following the completion of the transaction, the insider now immediately owns 53,771 shares within the firm, valued at roughly $1,zero82,947.94. The disclosure for this sale will be discovered here. Insiders have bought a complete of 72,576 shares of firm inventory value $1,485,822 within the final three months. Insiders personal 1.33% of the corporate’s inventory.
Quite a few analysts have commented on WU shares. Zacks Investment Research minimize shares of The Western Union from a “maintain” ranking to a “promote” ranking in a analysis report on Saturday, April 27th. TheStreet raised shares of The Western Union from a “c+” ranking to a “b” ranking in a analysis report on Thursday. Lastly, Northcoast Analysis minimize shares of The Western Union from a “purchase” ranking to a “impartial” ranking in a analysis report on Wednesday, Could eighth. Two analysis analysts have rated the inventory with a promote ranking and 5 have given a maintain ranking to the corporate. The inventory at present has a consensus ranking of “Maintain” and a consensus goal value of $20.00.
WU stock opened at $21.82 on Friday. The corporate has a market cap of $9.04 billion, a PE ratio of 11.29, a PEG ratio of two.34 and a beta of zero.83. The inventory’s 50-day transferring common is $20.38. The Western Union Firm has a 1 12 months low of $16.42 and a 1 12 months excessive of $22.27.
The Western Union (NYSE:WU) final launched its quarterly earnings knowledge on Thursday, August 1st. The credit score companies supplier reported $zero.45 earnings per share (EPS) for the quarter, lacking the Zacks’ consensus estimate of $zero.48 by ($zero.03). The corporate had income of $1.34 billion for the quarter, in comparison with the consensus estimate of $1.34 billion. The Western Union had a unfavourable return on fairness of 216.66% and a web margin of 14.65%. The Western Union’s income for the quarter was down 5.zero% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the corporate earned $zero.46 EPS. On common, analysis analysts anticipate that The Western Union Firm will publish 1.eight earnings per share for the present fiscal 12 months.
The enterprise additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Monday, September 30th. Stockholders of document on Monday, September 16th will probably be given a dividend of $zero.20 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $zero.80 dividend on an annualized foundation and a dividend yield of three.67%. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.
The Western Union Firm Profile
The Western Union Firm offers cash motion and cost companies worldwide. The corporate operates in two segments, Client-to-Client and Enterprise Options. The Client-to-Client phase facilitates cash transfers between two customers, primarily by way of a community of third-party brokers. This phase affords worldwide cross-border transfers and intra-country transfers, in addition to cash switch transactions by way of Web sites and cellular gadgets.
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