Stevens Capital Management LP Takes $751,000 Position in The Western Union Company (NYSE:WU)

Stevens Capital Management LP bought a new stake in The Western Union Company (NYSE:WU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,736 shares of the credit services provider’s stock, valued at approximately $751,000.

Other large investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of The Western Union in the first quarter valued at about $846,000. Monument Capital Management boosted its holdings in The Western Union by 3.9% during the second quarter. Monument Capital Management now owns 105,085 shares of the credit services provider’s stock worth $2,100,000 after buying an additional 3,983 shares in the last quarter. AGF Investments LLC boosted its holdings in The Western Union by 25.6% during the second quarter. AGF Investments LLC now owns 18,108 shares of the credit services provider’s stock worth $360,000 after buying an additional 3,687 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in The Western Union by 8.2% during the second quarter. Xact Kapitalforvaltning AB now owns 116,633 shares of the credit services provider’s stock worth $2,320,000 after buying an additional 8,868 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in The Western Union by 42.2% during the first quarter. First Trust Advisors LP now owns 689,431 shares of the credit services provider’s stock worth $12,734,000 after buying an additional 204,579 shares in the last quarter.

In other The Western Union news, insider Jacqueline D. Molnar sold 15,712 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $20.14, for a total value of $316,439.68. Following the sale, the insider now owns 53,771 shares of the company’s stock, valued at $1,082,947.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Betsy D. Holden sold 15,474 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $21.16, for a total transaction of $327,429.84. Following the completion of the sale, the director now directly owns 103,652 shares in the company, valued at approximately $2,193,276.32. The disclosure for this sale can be found here. Insiders sold 92,307 shares of company stock worth $1,906,267 in the last ninety days. Insiders own 1.33% of the company’s stock.

A number of research firms recently commented on WU. TheStreet raised shares of The Western Union from a “c+” rating to a “b” rating in a report on Thursday, August 1st. Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.67.

WU stock traded up $0.21 during trading on Friday, reaching $21.09. 6,006,200 shares of the company were exchanged, compared to its average volume of 5,621,728. The company has a market cap of $8.85 billion, a P/E ratio of 10.98, a PEG ratio of 2.36 and a beta of 0.83. The Western Union Company has a 52-week low of $16.42 and a 52-week high of $22.27. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $19.41. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.94 and a current ratio of 0.94.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities research analysts forecast that The Western Union Company will post 1.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, September 13th. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.

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.

Further Reading: How Do Front-End Loads Impact an Investment?

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

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