NEXT Financial Group Inc increased its holdings in shares of The Western Union Company (NYSE:WU) by 585.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,301 shares of the credit services provider’s stock after purchasing an additional 47,230 shares during the quarter. NEXT Financial Group Inc’s holdings in The Western Union were worth $1,481,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. CSat Investment Advisory L.P. grew its stake in 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 purchasing an additional 572 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of The Western Union by 73.4% in the third quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock valued at $52,000 after buying an additional 950 shares in the last quarter. American National Bank bought a new position in shares of The Western Union in the fourth quarter valued at $56,000. HM Payson & Co. acquired a new position in The Western Union during the second quarter worth $60,000. Finally, Quest Capital Management Inc. ADV acquired a new position in The Western Union during the third quarter worth $62,000.
A number of brokerages have commented on WU. SunTrust Banks increased their price target on shares of The Western Union to $26.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays lifted their price objective on shares of The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Monday, September 30th. Bank of America set a $21.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. TheStreet cut shares of The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Finally, Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Monday, December 9th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.
Shares of The Western Union stock opened at $27.32 on Wednesday. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $24.15. The Western Union Company has a 1 year low of $17.43 and a 1 year high of $28.00. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 1.14 and a beta of 0.79.
The Western Union (NYSE:WU) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. As a group, equities 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 was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, December 16th. The Western Union’s payout ratio is 41.67%.
About The Western Union
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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