Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 21,614 Shares of The Western Union Company (NYSE:WU)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of The Western Union Company (NYSE:WU) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,970 shares of the credit services provider’s stock after purchasing an additional 21,614 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in The Western Union were worth $2,870,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WU. CENTRAL TRUST Co increased its stake in The Western Union by 73.4% during the 3rd quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock valued at $52,000 after purchasing an additional 950 shares in the last quarter. American National Bank purchased a new position in The Western Union during the 4th quarter worth $56,000. Quest Capital Management Inc. ADV purchased a new position in The Western Union during the 3rd quarter worth $62,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in The Western Union by 34.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,777 shares of the credit services provider’s stock worth $74,000 after acquiring an additional 710 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in The Western Union by 106.3% during the 3rd quarter. Parallel Advisors LLC now owns 4,692 shares of the credit services provider’s stock worth $109,000 after acquiring an additional 2,418 shares during the last quarter.

Shares of NYSE:WU opened at $26.24 on Friday. The company’s 50-day moving average is $27.04 and its 200 day moving average is $24.96. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $11.00 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The Western Union Company has a fifty-two week low of $17.52 and a fifty-two week high of $28.44.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, February 11th. The credit services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. During the same period last year, the firm posted $0.49 earnings per share. As a group, research analysts predict that The Western Union Company will post 1.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.225 dividend. This is an increase from The Western Union’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, March 16th. The Western Union’s payout ratio is 41.67%.

A number of equities analysts have issued reports on WU shares. Wolfe Research set a $24.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Deutsche Bank set a $25.00 price objective on shares of The Western Union and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America set a $21.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Morgan Stanley set a $20.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Finally, ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and a consensus target price of $24.81.

In related news, CFO Rajesh K. Agrawal sold 24,553 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.94, for a total value of $661,457.82. Following the transaction, the chief financial officer now directly owns 331,972 shares of the company’s stock, valued at approximately $8,943,325.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roberto G. Mendoza sold 26,504 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $26.94, for a total transaction of $714,017.76. Following the completion of the transaction, the director now directly owns 94,334 shares in the company, valued at $2,541,357.96. The disclosure for this sale can be found here. Insiders sold a total of 53,474 shares of company stock worth $1,440,420 over the last three months. 1.33% of the stock is 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.

Featured Story: What do I need to know about analyst ratings?

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.