Paloma Partners Management Co Takes $204,000 Position in The Western Union Company (NYSE:WU)

Paloma Partners Management Co bought a new stake in shares of The Western Union Company (NYSE:WU) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 14,590 shares of the credit services provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Western Union during the 1st quarter valued at approximately $30,000. Riverview Trust Co bought a new position in Western Union during the first quarter worth $32,000. Venturi Wealth Management LLC lifted its stake in Western Union by 500.5% during the first quarter. Venturi Wealth Management LLC now owns 2,312 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,927 shares during the last quarter. LRI Investments LLC bought a new position in Western Union during the first quarter worth $37,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Western Union during the first quarter worth $41,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WU shares. JPMorgan Chase & Co. raised their price objective on Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Evercore ISI raised their price objective on Western Union from $14.00 to $15.00 and gave the stock an “in-line” rating in a research note on Thursday, April 25th. Finally, Citigroup restated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, Western Union currently has a consensus rating of “Hold” and an average price target of $13.71.

Western Union Stock Performance

NYSE WU traded up $0.03 during trading hours on Tuesday, hitting $12.91. The company had a trading volume of 855,439 shares, compared to its average volume of 3,928,480. The Western Union Company has a fifty-two week low of $10.92 and a fifty-two week high of $14.19. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.38. The business has a fifty day simple moving average of $12.54 and a 200-day simple moving average of $12.92. The firm has a market cap of $4.37 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.85.

Western Union Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date is Monday, September 16th. Western Union’s dividend payout ratio (DPR) is 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.