GAM Holding AG Has $1.06 Million Holdings in The Western Union Company (WU)

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GAM Holding AG boosted its holdings in The Western Union Company (NYSE:WU) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,567 shares of the credit services provider’s stock after purchasing an additional 5,467 shares during the quarter. GAM Holding AG’s holdings in The Western Union were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WU. Alps Advisors Inc. raised its position in The Western Union by 2.6% in the second quarter. Alps Advisors Inc. now owns 2,471,176 shares of the credit services provider’s stock valued at $46,977,000 after purchasing an additional 62,702 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in The Western Union in the second quarter valued at $109,000. Dupont Capital Management Corp raised its position in The Western Union by 8.4% in the second quarter. Dupont Capital Management Corp now owns 34,215 shares of the credit services provider’s stock valued at $696,000 after purchasing an additional 2,660 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in The Western Union by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,505,841 shares of the credit services provider’s stock valued at $30,614,000 after purchasing an additional 77,024 shares during the period. Finally, First Trust Advisors LP raised its position in The Western Union by 3.6% in the second quarter. First Trust Advisors LP now owns 469,018 shares of the credit services provider’s stock valued at $9,535,000 after purchasing an additional 16,132 shares during the period.

WU stock opened at $18.15 on Friday. The firm has a market capitalization of $8.13 billion, a P/E ratio of 10.08, a PEG ratio of 2.24 and a beta of 1.04. The Western Union Company has a 12-month low of $17.40 and a 12-month high of $22.21.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, research analysts forecast that The Western Union Company will post 1.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be issued a $0.19 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.19%. The Western Union’s dividend payout ratio is presently 42.22%.

WU has been the topic of a number of research analyst reports. Barclays initiated coverage on The Western Union in a research report on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on The Western Union in a research report on Thursday. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Wells Fargo & Co downgraded The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research report on Tuesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.83.

In related news, EVP Sheri Rhodes sold 2,175 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $19.02, for a total value of $41,368.50. Following the sale, the executive vice president now owns 51,775 shares in the company, valued at approximately $984,760.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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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.

Further Reading: Return on Equity (ROE)

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

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