Point72 Asia Hong Kong Ltd purchased a new position in shares of The Western Union Company (NYSE:WU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,037 shares of the credit services provider’s stock, valued at approximately $366,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WU. Assetmark Inc. lifted its holdings in The Western Union by 6,425.7% during the fourth quarter. Assetmark Inc. now owns 6,852 shares of the credit services provider’s stock valued at $130,000 after purchasing an additional 6,747 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of The Western Union in the fourth quarter valued at about $159,000. Financial Counselors Inc. acquired a new stake in shares of The Western Union in the fourth quarter valued at about $191,000. IBM Retirement Fund acquired a new stake in shares of The Western Union in the first quarter valued at about $195,000. Finally, Jane Street Group LLC acquired a new stake in shares of The Western Union in the first quarter valued at about $196,000.
In related news, EVP Odilon Almeida sold 81,008 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $21.00, for a total transaction of $1,701,168.00. Following the completion of the sale, the executive vice president now directly owns 227,597 shares in the company, valued at $4,779,537. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.
The Western Union opened at $20.97 on Thursday, Marketbeat reports. The Western Union Company has a 12-month low of $18.38 and a 12-month high of $22.21. The stock has a market cap of $9.62 billion, a P/E ratio of 11.65, a PEG ratio of 2.62 and a beta of 1.00. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -8.36.
The Western Union (NYSE:WU) last released its quarterly earnings data on Tuesday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The Western Union had a negative net margin of 9.00% and a positive return on equity of 698.54%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $0.35 earnings per share. The Western Union’s revenue was up 6.7% compared to the same quarter last year. equities research analysts predict that The Western Union Company will post 1.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, June 14th. The Western Union’s payout ratio is currently 42.22%.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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