Crossmark Global Holdings Inc. reduced its stake in shares of The Western Union Company (NYSE:WU) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,566 shares of the credit services provider’s stock after selling 5,661 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in The Western Union were worth $590,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of The Western Union by 53,019.7% during the third quarter. Bank of New York Mellon Corp now owns 29,221,152 shares of the credit services provider’s stock valued at $556,956,000 after buying an additional 29,166,142 shares during the last quarter. Lyrical Asset Management LP grew its stake in shares of The Western Union by 6.5% in the third quarter. Lyrical Asset Management LP now owns 13,200,987 shares of the credit services provider’s stock worth $251,611,000 after purchasing an additional 809,286 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of The Western Union by 83.4% in the third quarter. Jupiter Asset Management Ltd. now owns 11,775,000 shares of the credit services provider’s stock worth $224,432,000 after purchasing an additional 5,353,000 shares during the last quarter. Clarkston Capital Partners LLC grew its stake in shares of The Western Union by 3.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 10,711,700 shares of the credit services provider’s stock worth $182,742,000 after purchasing an additional 308,324 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of The Western Union by 4.9% in the third quarter. LSV Asset Management now owns 9,977,114 shares of the credit services provider’s stock worth $190,163,000 after purchasing an additional 466,600 shares during the last quarter.
NYSE WU opened at $17.95 on Thursday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $21.37.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The Western Union’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, analysts predict that The Western Union Company will post 1.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.46%. This is a boost from The Western Union’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 14th. The Western Union’s payout ratio is presently 39.58%.
Several analysts recently issued reports on the company. Zacks Investment Research reissued a “hold” rating on shares of The Western Union in a research note on Saturday, November 17th. Barclays assumed coverage on The Western Union in a research note on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on The Western Union in a research note on Thursday, December 6th. They issued a “market perform” rating on the stock. Wells Fargo & Co cut The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research note on Tuesday, November 6th. Finally, ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The Western Union currently has an average rating of “Hold” and a consensus price target of $19.20.
In other The Western Union news, Director Roberto G. Mendoza sold 18,709 shares of The Western Union stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $18.14, for a total transaction of $339,381.26. Following the sale, the director now directly owns 78,597 shares of the company’s stock, valued at approximately $1,425,749.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rajesh K. Agrawal sold 21,950 shares of The Western Union stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $18.35, for a total value of $402,782.50. Following the sale, the chief financial officer now directly owns 266,009 shares in the company, valued at $4,881,265.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,099 shares of company stock worth $787,328. Insiders own 1.10% of the company’s stock.
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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