Achmea Investment Management B.V. Raises Stock Position in The …

Achmea Investment Management B.V. boosted its position in shares of The Western Union Company (NYSE:WU) by 143.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,134 shares of the credit services provider’s stock after purchasing an additional 133,861 shares during the period. Achmea Investment Management B.V.’s holdings in The Western Union were worth $6,083,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. DNB Asset Management AS increased its position in shares of The Western Union by 91.3% during the fourth quarter. DNB Asset Management AS now owns 91,041 shares of the credit services provider’s stock valued at $2,438,000 after acquiring an additional 43,440 shares during the last quarter. Andra AP fonden increased its position in shares of The Western Union by 27.0% during the third quarter. Andra AP fonden now owns 400,200 shares of the credit services provider’s stock valued at $9,273,000 after acquiring an additional 85,100 shares during the last quarter. 6 Meridian increased its position in shares of The Western Union by 2.0% during the fourth quarter. 6 Meridian now owns 25,736 shares of the credit services provider’s stock valued at $689,000 after acquiring an additional 497 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of The Western Union by 1,761.3% during the third quarter. Squarepoint Ops LLC now owns 1,086,456 shares of the credit services provider’s stock valued at $25,173,000 after acquiring an additional 1,028,084 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of The Western Union by 7.1% in the third quarter. California Public Employees Retirement System now owns 3,733,524 shares of the credit services provider’s stock valued at $86,506,000 after purchasing an additional 248,390 shares in the last quarter.

In other The Western Union news, Director Jan Siegmund purchased 10,000 shares of The Western Union stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $26.21 per share, for a total transaction of $262,100.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $262,100. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roberto G. Mendoza sold 26,504 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $26.94, for a total transaction of $714,017.76. Following the completion of the sale, the director now owns 94,334 shares of the company’s stock, valued at approximately $2,541,357.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,474 shares of company stock valued at $1,440,420. 1.33% of the stock is owned by insiders.

A number of research analysts recently weighed in on the stock. Guggenheim cut shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. Morgan Stanley set a $20.00 price objective on shares of The Western Union and gave the company a “sell” rating in a report on Friday, November 1st.

ValuEngine

cut shares of The Western Union from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Bank of America set a $21.00 price objective on shares of The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Finally, Deutsche Bank set a $25.00 price objective on shares of The Western Union and gave the company a “hold” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The Western Union presently has an average rating of “Hold” and a consensus target price of $24.81.

Shares of NYSE:WU opened at $25.11 on Tuesday. The company has a market capitalization of $10.65 billion, a PE ratio of 10.25, a P/E/G ratio of 0.84 and a beta of 0.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 101.99. The Western Union Company has a twelve month low of $17.52 and a twelve month high of $28.44. The firm has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $25.19.

The Western Union (NYSE:WU) last issued its quarterly earnings data on Tuesday, February 11th. The credit services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.05). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. The Western Union had a negative return on equity of 737.30% and a net margin of 20.00%. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities research analysts predict that The Western Union Company will post 1.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.225 dividend. This is an increase from The Western Union’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.90 annualized dividend and a yield of 3.58%. The Western Union’s dividend payout ratio is 46.24%.

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.

See Also: Diluted Earnings Per Share

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

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