Swiss National Bank Boosts Stock Position in The Western Union Company (NYSE:WU)

Swiss National Bank lifted its position in The Western Union Company (NYSE:WU) by 32.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,369,424 shares of the credit services provider’s stock after buying an additional 579,100 shares during the quarter. Swiss National Bank owned approximately 0.55% of The Western Union worth $47,128,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Candriam Luxembourg S.C.A. increased its holdings in The Western Union by 30.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 54,994 shares of the credit services provider’s stock valued at $2,341,000 after buying an additional 12,881 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in The Western Union by 830.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 726,554 shares of the credit services provider’s stock worth $14,339,000 after acquiring an additional 648,507 shares in the last quarter. Advisory Services Network LLC boosted its stake in The Western Union by 284.9% during the second quarter. Advisory Services Network LLC now owns 102,940 shares of the credit services provider’s stock worth $2,047,000 after acquiring an additional 76,192 shares in the last quarter. Coastal Investment Advisors Inc. boosted its stake in The Western Union by 96.0% during the second quarter. Coastal Investment Advisors Inc. now owns 5,863 shares of the credit services provider’s stock worth $116,000 after acquiring an additional 2,872 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in The Western Union by 12.8% during the second quarter. CIBC Private Wealth Group LLC now owns 12,373 shares of the credit services provider’s stock worth $246,000 after acquiring an additional 1,402 shares in the last quarter.

WU has been the topic of several research reports. Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. TheStreet upgraded shares of The Western Union from a “c+” rating to a “b” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.67.



Shares of NYSE:WU opened at $21.30 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 101.99. The firm has a market capitalization of $8.94 billion, a PE ratio of 11.09, a P/E/G ratio of 2.39 and a beta of 0.83. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $22.27. The company has a 50-day moving average price of $20.87 and a two-hundred day moving average price of $19.44.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The Western Union had a negative return on equity of 309.12% and a net margin of 22.11%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The Western Union’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts anticipate that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, September 13th. The Western Union’s dividend payout ratio is currently 41.67%.

In related news, EVP Richard L. Williams sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $20.01, for a total value of $320,160.00. Following the sale, the executive vice president now directly owns 108,782 shares of the company’s stock, valued at $2,176,727.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline D. Molnar sold 15,712 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $20.14, for a total transaction of $316,439.68. Following the completion of the sale, the insider now directly owns 53,771 shares in the company, valued at $1,082,947.94. The disclosure for this sale can be found here. Insiders sold 92,307 shares of company stock worth $1,906,267 over the last ninety days. 1.33% of the stock is currently owned by insiders.

The Western Union 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.

Recommended Story: What is a CD ladder?

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.