The Western Union Company (NYSE:WU) Shares Purchased by American National Bank


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American National Bank raised its stake in shares of The Western Union Company (NYSE:WU) by 91.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,015 shares of the credit services provider’s stock after purchasing an additional 17,655 shares during the period. American National Bank’s holdings in The Western Union were worth $913,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boyar Asset Management Inc. boosted its stake in The Western Union by 1.5% during the 4th quarter. Boyar Asset Management Inc. now owns 36,976 shares of the credit services provider’s stock valued at $811,000 after purchasing an additional 540 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of The Western Union by 23.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,845 shares of the credit services provider’s stock worth $62,000 after acquiring an additional 543 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of The Western Union by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 157,157 shares of the credit services provider’s stock worth $3,448,000 after acquiring an additional 550 shares during the period. Cobblestone Capital Advisors LLC NY lifted its stake in shares of The Western Union by 7.6% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 10,175 shares of the credit services provider’s stock worth $223,000 after acquiring an additional 720 shares during the period. Finally, CWM Advisors LLC lifted its stake in shares of The Western Union by 4.8% in the 4th quarter. CWM Advisors LLC now owns 17,981 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 829 shares during the period.

In other The Western Union news, insider Khalid Fellahi sold 16,895 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $23.84, for a total value of $402,776.80. Following the transaction, the insider now owns 160,764 shares in the company, valued at approximately $3,832,613.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Hikmet Ersek sold 233,859 shares of the company’s stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $23.91, for a total transaction of $5,591,568.69. Following the completion of the transaction, the chief executive officer now owns 1,104,219 shares in the company, valued at approximately $26,401,876.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,677 shares of company stock worth $7,760,531. Company insiders own 1.27% of the company’s stock.

A number of analysts have recently weighed in on WU shares. Wells Fargo & Company raised shares of The Western Union from an “underweight” rating to an “equal weight” rating and set a $25.00 price target for the company in a research note on Thursday, February 11th. Citigroup increased their target price on shares of The Western Union from $24.00 to $25.50 in a research note on Thursday, February 11th. Morgan Stanley increased their target price on shares of The Western Union from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, February 11th. Barclays increased their target price on shares of The Western Union from $20.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, February 16th. Finally, Guggenheim raised shares of The Western Union from a “neutral” rating to a “buy” rating in a research note on Friday, January 8th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.84.

WU stock opened at $25.19 on Friday. The Western Union Company has a 52-week low of $17.56 and a 52-week high of $25.73. The company’s 50 day simple moving average is $24.45 and its 200-day simple moving average is $22.63. The firm has a market capitalization of $10.34 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.47 and a beta of 0.88.

The Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, February 9th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. The Western Union had a net margin of 12.38% and a negative return on equity of 1,029.12%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. Equities research analysts predict that The Western Union Company will post 1.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 3.73%. The ex-dividend date was Tuesday, March 16th. This is a positive change from The Western Union’s previous quarterly dividend of $0.23. The Western Union’s dividend payout ratio is currently 54.34%.

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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