Stephens Inc. AR Decreases Stake in The Western Union Company (WU)
Stephens Inc. AR lowered its position in The Western Union Company (NYSE:WU) by 13.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,394 shares of the credit services provider’s stock after selling 4,654 shares during the period. Stephens Inc. AR’s holdings in The Western Union were worth $561,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in WU. BlackRock Inc. increased its position in The Western Union by 11.2% during the 4th quarter. BlackRock Inc. now owns 46,384,514 shares of the credit services provider’s stock valued at $791,319,000 after buying an additional 4,686,559 shares in the last quarter. FMR LLC increased its position in The Western Union by 1.4% during the 4th quarter. FMR LLC now owns 39,799,498 shares of the credit services provider’s stock valued at $678,980,000 after buying an additional 557,039 shares in the last quarter. Clarkston Capital Partners LLC increased its position in The Western Union by 6.3% during the 1st quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock valued at $210,282,000 after buying an additional 673,380 shares in the last quarter. Norges Bank bought a new position in The Western Union during the 4th quarter valued at approximately $85,840,000. Finally, Bank of Montreal Can increased its position in The Western Union by 4.3% during the 1st quarter. Bank of Montreal Can now owns 4,358,334 shares of the credit services provider’s stock valued at $80,499,000 after buying an additional 179,047 shares in the last quarter.
Several brokerages have commented on WU. ValuEngine downgraded The Western Union from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. Finally, Northcoast Research downgraded The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.00.
The Western Union (NYSE:WU) last issued its earnings results on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. Equities analysts expect that The Western Union Company will post 1.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.11%. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.
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The Western Union Company 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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