Covestor Ltd Has $164,000 Holdings in The Western Union Company (NYSE:WU)

Covestor Ltd lifted its stake in The Western Union Company (NYSE:WU) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,751 shares of the credit services provider’s stock after buying an additional 1,465 shares during the period. Covestor Ltd’s holdings in Western Union were worth $164,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its position in Western Union by 2.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 44,100 shares of the credit services provider’s stock worth $526,000 after acquiring an additional 1,000 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Western Union by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,277 shares of the credit services provider’s stock worth $385,000 after acquiring an additional 1,076 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Western Union by 1.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 112,237 shares of the credit services provider’s stock worth $1,569,000 after acquiring an additional 1,793 shares during the last quarter. Clifford Capital Partners LLC grew its position in Western Union by 3.5% during the 1st quarter. Clifford Capital Partners LLC now owns 55,418 shares of the credit services provider’s stock worth $775,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Western Union by 500.5% in the 1st quarter. Venturi Wealth Management LLC now owns 2,312 shares of the credit services provider’s stock valued at $32,000 after buying an additional 1,927 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI increased their price objective on Western Union from $14.00 to $15.00 and gave the company an “in-line” rating in a research report on Thursday, April 25th. Citigroup reiterated a “neutral” rating and issued a $13.00 price objective on shares of Western Union in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on Western Union from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.67.

Western Union Trading Down 0.6 %

Shares of NYSE:WU traded down $0.08 during midday trading on Tuesday, hitting $12.53. The company had a trading volume of 845,362 shares, compared to its average volume of 3,953,871. The Western Union Company has a 12 month low of $10.92 and a 12 month high of $14.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.38. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.81 and a beta of 0.85. The firm has a fifty day simple moving average of $12.59 and a 200 day simple moving average of $12.90.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Western Union had a return on equity of 120.76% and a net margin of 14.12%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts predict that The Western Union Company will post 1.76 EPS for the current year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 7.50%. The ex-dividend date was Friday, June 14th. Western Union’s payout ratio is presently 55.62%.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.