Pensionfund DSM Netherlands increased its stake in shares of The Western Union Company (NYSE:WU) by 34.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 118,000 shares of the credit services provider’s stock after purchasing an additional 30,000 shares during the period. Pensionfund DSM Netherlands’ holdings in The Western Union were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of WU. GoalVest Advisory LLC acquired a new stake in shares of The Western Union during the fourth quarter worth $37,000. TD Ameritrade Investment Management LLC acquired a new stake in The Western Union in the fourth quarter valued at $40,000. Fieldpoint Private Securities LLC acquired a new stake in The Western Union in the fourth quarter valued at $47,000. Inspire Advisors LLC acquired a new stake in The Western Union in the fourth quarter valued at $52,000. Finally, Mcmillion Capital Management Inc. acquired a new stake in The Western Union in the fourth quarter valued at $54,000.
The Western Union stock opened at $25.27 on Thursday. The stock has a market cap of $10.38 billion, a PE ratio of 17.43, a P/E/G ratio of 0.47 and a beta of 0.88. The stock has a 50-day moving average price of $24.40 and a 200 day moving average price of $22.60. The Western Union Company has a 52 week low of $17.56 and a 52 week high of $25.73.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 17th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, March 16th. This is a boost from The Western Union’s previous quarterly dividend of $0.23. The Western Union’s dividend payout ratio (DPR) is currently 54.34%.
A number of equities research analysts have commented on WU shares. Citigroup raised their target price on The Western Union from $24.00 to $25.50 in a report on Thursday, February 11th. Barclays raised their target price on The Western Union from $20.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, February 16th. Wells Fargo & Company upgraded 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 report on Thursday, February 11th. Guggenheim upgraded The Western Union from a “neutral” rating to a “buy” rating in a research report on Friday, January 8th. Finally, Morgan Stanley raised their price target on The Western Union from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, February 11th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The Western Union presently has an average rating of “Hold” and a consensus target price of $23.84.
In other The Western Union news, insider Richard L. Williams sold 10,000 shares of The Western Union stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the insider now owns 142,115 shares in the company, valued at approximately $3,552,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hikmet Ersek sold 233,859 shares of The Western Union stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $23.91, for a total value of $5,591,568.69. Following the completion of the sale, the chief executive officer now owns 1,104,219 shares of the company’s stock, valued at approximately $26,401,876.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,677 shares of company stock valued at $7,760,531. 1.27% of the stock is currently owned by company insiders.
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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