The Western Union Company (NYSE:WU) Holdings Trimmed by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in The Western Union Company (NYSE:WU) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,815 shares of the credit services provider’s stock after selling 66,645 shares during the quarter. OLD National Bancorp IN owned about 0.13% of Western Union worth $5,862,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in Western Union by 969.5% in the 3rd quarter. Hsbc Holdings PLC now owns 765,613 shares of the credit services provider’s stock valued at $10,192,000 after purchasing an additional 694,026 shares during the period. Invesco Ltd. lifted its holdings in shares of Western Union by 11.9% during the third quarter. Invesco Ltd. now owns 2,299,090 shares of the credit services provider’s stock worth $30,302,000 after purchasing an additional 244,286 shares during the period. Sigma Planning Corp bought a new stake in shares of Western Union in the 3rd quarter valued at about $527,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Western Union by 7.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,160,429 shares of the credit services provider’s stock worth $15,294,000 after purchasing an additional 83,842 shares during the period. Finally, Quadrature Capital Ltd grew its holdings in Western Union by 132.4% during the 3rd quarter. Quadrature Capital Ltd now owns 143,978 shares of the credit services provider’s stock worth $1,898,000 after acquiring an additional 82,029 shares during the period. 91.81% of the stock is owned by institutional investors.

Insider Activity at Western Union

In other Western Union news, Director Timothy P. Murphy acquired 10,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $12.85 per share, with a total value of $128,500.00. Following the transaction, the director now owns 56,205 shares in the company, valued at approximately $722,234.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.85% of the stock is currently owned by insiders.

Western Union Stock Performance

WU stock traded up $0.09 during trading on Monday, reaching $13.11. 253,749 shares of the stock were exchanged, compared to its average volume of 4,386,526. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 5.23. The stock has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $12.60. The Western Union Company has a twelve month low of $10.37 and a twelve month high of $14.19. The company has a market capitalization of $4.46 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 4.79 and a beta of 0.85.

Western Union (NYSE:WU) last issued its earnings results on Tuesday, February 6th. The credit services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Western Union had a net margin of 14.37% and a return on equity of 113.63%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. As a group, sell-side analysts anticipate that The Western Union Company will post 1.68 earnings per share for the current year.

Western Union Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 7.17%. The ex-dividend date was Thursday, March 14th. Western Union’s payout ratio is presently 55.95%.

Analyst Ratings Changes

Several research firms have recently issued reports on WU. Evercore ISI boosted their price target on shares of Western Union from $13.00 to $14.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. William Blair reaffirmed a “market perform” rating on shares of Western Union in a research note on Wednesday, February 7th. Barclays boosted their price target on Western Union from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Monday, February 12th. BMO Capital Markets lifted their target price on shares of Western Union from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Finally, Wolfe Research restated an “underperform” rating on shares of Western Union in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.25.

Western Union Company 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.