Greatmark Investment Partners Inc. cut its position in The Western Union Company (NYSE:WU) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,210 shares of the credit services provider’s stock after selling 5,845 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in The Western Union were worth $1,186,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Somerset Trust Co bought a new stake in shares of The Western Union in the first quarter valued at $26,000. Ffcm LLC grew its position in shares of The Western Union by 50.0% in the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 565 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of The Western Union by 76.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,853 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. Investors Research Corp purchased a new position in shares of The Western Union in the first quarter valued at $50,000. Finally, Rational Advisors LLC grew its position in shares of The Western Union by 347.4% in the fourth quarter. Rational Advisors LLC now owns 3,011 shares of the credit services provider’s stock valued at $51,000 after purchasing an additional 2,338 shares in the last quarter.
Shares of NYSE WU opened at $19.32 on Friday. The firm has a market capitalization of $8.32 billion, a PE ratio of 10.06, a P/E/G ratio of 3.17 and a beta of 0.91. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $21.37.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.14%. The Western Union’s payout ratio is 41.67%.
Several equities analysts have recently weighed in on the company. Northcoast Research cut The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Zacks Investment Research cut The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Finally, ValuEngine upgraded The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The Western Union currently has an average rating of “Hold” and an average price target of $20.00.
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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