Citigroup Inc. Has $12.95 Million Stock Position in The Western Union Company (NYSE:WU)

Citigroup Inc. raised its stake in shares of The Western Union Company (NYSE:WU) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 563,944 shares of the credit services provider’s stock after purchasing an additional 42,713 shares during the quarter. Citigroup Inc. owned 0.14% of The Western Union worth $12,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of The Western Union by 17.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 19,327 shares of the credit services provider’s stock worth $443,000 after acquiring an additional 2,931 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of The Western Union by 7.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 63,757 shares of the credit services provider’s stock worth $1,464,000 after acquiring an additional 4,437 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of The Western Union by 42.2% in the 2nd quarter. WINTON GROUP Ltd now owns 59,508 shares of the credit services provider’s stock worth $1,367,000 after acquiring an additional 17,653 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of The Western Union by 2.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 5,455,381 shares of the credit services provider’s stock worth $125,255,000 after acquiring an additional 120,381 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new position in shares of The Western Union in the 2nd quarter worth approximately $974,000. 98.43% of the stock is currently owned by institutional investors.

Shares of WU opened at $20.45 on Tuesday. The company has a market capitalization of $8.31 billion, a P/E ratio of 10.43 and a beta of 0.99. The company has a debt-to-equity ratio of 10.47, a current ratio of 0.94 and a quick ratio of 0.94. The Western Union Company has a one year low of $19.07 and a one year high of $26.61. The business’s 50 day simple moving average is $22.22 and its 200-day simple moving average is $23.83.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, August 3rd. The credit services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The Western Union had a net margin of 16.10% and a return on equity of 424.46%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The Western Union’s revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts anticipate that The Western Union Company will post 2.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 4.60%. The ex-dividend date is Wednesday, September 15th. The Western Union’s dividend payout ratio (DPR) is presently 50.27%.

The Western Union Company Profile

The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.

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

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