Gyroscope Capital Management Group LLC grew its holdings in The Western Union Company (NYSE:WU) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,813 shares of the credit services provider’s stock after buying an additional 988 shares during the period. Gyroscope Capital Management Group LLC’s holdings in The Western Union were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its position in shares of The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock valued at $26,000 after buying an additional 519 shares during the last quarter. Private Ocean LLC acquired a new stake in shares of The Western Union in the second quarter valued at about $30,000. Mcmillion Capital Management Inc. acquired a new stake in shares of The Western Union in the second quarter valued at about $49,000. CSat Investment Advisory L.P. raised its position in shares of The Western Union by 27.8% in the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock valued at $52,000 after buying an additional 572 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of The Western Union in the second quarter valued at about $60,000.
The Western Union stock traded up $0.18 during midday trading on Friday, hitting $23.74. 1,990,508 shares of the stock were exchanged, compared to its average volume of 6,990,763. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $24.09. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.37 and a beta of 0.80. The stock’s 50-day simple moving average is $22.62 and its 200 day simple moving average is $20.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 101.99.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Friday, September 13th. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.
Several equities research analysts recently issued reports on WU shares. Guggenheim upgraded shares of The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, September 27th. BTIG Research raised their price objective on shares of The Western Union to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. TheStreet upgraded shares of The Western Union from a “c+” rating to a “b” rating in a research report on Thursday, August 1st. Finally, Barclays raised their price objective on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The Western Union has an average rating of “Hold” and an average price target of $23.00.
In other The Western Union news, Director Betsy D. Holden sold 15,474 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $21.16, for a total transaction of $327,429.84. Following the completion of the transaction, the director now owns 103,652 shares of the company’s stock, valued at $2,193,276.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Khalid Fellahi sold 5,178 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.00, for a total transaction of $108,738.00. Following the transaction, the insider now directly owns 103,077 shares of the company’s stock, valued at approximately $2,164,617. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,102 shares of company stock valued at $1,262,584. 1.33% of the stock is currently owned by insiders.
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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