Hancock Whitney Corp Decreases Stock Holdings in The Western Union Company (NYSE:WU)

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Hancock Whitney Corp trimmed its position in The Western Union Company (NYSE:WU) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 83,601 shares of the credit services provider’s stock after selling 1,704 shares during the period. Hancock Whitney Corp’s holdings in The Western Union were worth $2,239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WU. CENTRAL TRUST Co increased its position 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 during the period. American National Bank purchased a new position in The Western Union during the 4th quarter valued at $56,000. Quest Capital Management Inc. ADV purchased a new position in The Western Union during the 3rd quarter valued at $62,000. Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $74,000 after purchasing an additional 710 shares during the period. Finally, Parallel Advisors LLC increased its position 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 valued at $109,000 after purchasing an additional 2,418 shares during the period.

In related news, Director Roberto G. Mendoza sold 26,504 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $26.94, for a total value of $714,017.76. Following the transaction, the director now owns 94,334 shares in the company, valued at approximately $2,541,357.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan Siegmund purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $26.21 per share, for a total transaction of $262,100.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $262,100. The disclosure for this purchase can be found here. In the last quarter, insiders sold 53,474 shares of company stock worth $1,440,420. 1.33% of the stock is currently owned by company insiders.

Shares of WU stock opened at $26.24 on Friday. The Western Union Company has a 12 month low of $17.52 and a 12 month high of $28.44. The stock has a market cap of $11.00 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 101.99. The company’s fifty day moving average price is $27.04 and its 200-day moving average price is $24.96.

The Western Union (NYSE:WU) last announced its earnings results on Tuesday, February 11th. The credit services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. During the same quarter last year, the firm posted $0.49 EPS. On average, sell-side analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

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

A number of brokerages have issued reports on WU. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 29th. Susquehanna Bancshares restated a “hold” rating and set a $26.00 target price on shares of The Western Union in a report on Wednesday. Guggenheim cut shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. Finally, TheStreet cut shares of The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.81.

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

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