Boston Research & Management Inc. Increases Stake in The Western Union Company (WU)

Boston Research & Management Inc. increased its position in shares of The Western Union Company (NYSE:WU) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,560 shares of the credit services provider’s stock after buying an additional 1,480 shares during the period. Boston Research & Management Inc.’s holdings in The Western Union were worth $3,039,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WU. LSV Asset Management grew its stake in The Western Union by 1.2% in the first quarter. LSV Asset Management now owns 9,765,614 shares of the credit services provider’s stock valued at $180,370,000 after purchasing an additional 119,800 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in The Western Union in the first quarter valued at about $1,796,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in The Western Union by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,483 shares of the credit services provider’s stock valued at $471,000 after purchasing an additional 1,326 shares during the last quarter. New York State Teachers Retirement System grew its stake in The Western Union by 5.7% in the first quarter. New York State Teachers Retirement System now owns 691,209 shares of the credit services provider’s stock valued at $12,767,000 after purchasing an additional 37,071 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in The Western Union by 189.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 90,513 shares of the credit services provider’s stock valued at $1,671,000 after purchasing an additional 59,293 shares during the last quarter.

WU opened at $19.32 on Friday. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $21.37. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 3.22 and a beta of 0.91.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The Western Union’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities research analysts expect that The Western Union Company will post 1.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.14%. The Western Union’s dividend payout ratio is presently 41.67%.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. ValuEngine lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Finally, Northcoast Research lowered The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and an average target price of $20.00.

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About The Western Union

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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Institutional Ownership by Quarter for The Western Union (NYSE:WU)

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