Greatmark Investment Partners Inc. Lowers Holdings in The Western Union Company (WU)

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

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.

COPYRIGHT VIOLATION WARNING: This report was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/05/19/greatmark-investment-partners-inc-lowers-holdings-in-the-western-union-company-wu.html.

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.

See Also: Yield Curve

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

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

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.