The Western Union Company (NYSE:WU) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its position in shares of The Western Union Company (NYSE:WU) by 30.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,527 shares of the credit services provider’s stock after selling 10,754 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Western Union were worth $260,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Western Union during the 3rd quarter valued at approximately $25,000. Quarry LP raised its holdings in shares of Western Union by 52.9% during the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 895 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,522 shares during the period. Sound Income Strategies LLC purchased a new stake in Western Union in the fourth quarter valued at $53,000. Finally, Tompkins Financial Corp acquired a new stake in Western Union during the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WU shares. UBS Group decreased their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Barclays dropped their price objective on shares of Western Union from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Western Union from $13.00 to $12.00 and set a “market perform” rating for the company in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Western Union presently has an average rating of “Hold” and a consensus target price of $12.63.

Western Union Trading Down 0.2 %

Shares of NYSE:WU opened at $10.25 on Friday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 1.39 and a beta of 0.85. The business’s 50 day moving average price is $10.69 and its 200-day moving average price is $11.40. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The Western Union Company has a 1 year low of $10.19 and a 1 year high of $14.19.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Western Union declared that its board has authorized a stock buyback program on Friday, December 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 27.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Western Union Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.94 annualized dividend and a yield of 9.18%. Western Union’s dividend payout ratio (DPR) is currently 48.21%.

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.