The Western Union Co. (WU) Shares Sold by Cornercap Investment Counsel Inc.

The Western Union Co. (WU) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in Western Union Co. (NYSE:WU) by 78.1% during the fourth quarter, Holdings Channel reports. The fund owned 82,885 shares of the company’s stock after selling 295,083 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Western Union were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd bought a new position in shares of Western Union during the fourth quarter worth $28,511,000. Itau Unibanco Holding S.A. bought a new position in shares of Western Union during the third quarter worth $115,000. D.A. Davidson & CO. raised its position in shares of Western Union by 6.6% in the third quarter. D.A. Davidson & CO. now owns 18,898 shares of the company’s stock worth $393,000 after buying an additional 1,170 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Western Union during the third quarter worth $4,197,000. Finally, Crow Point Partners LLC bought a new position in shares of Western Union during the third quarter worth $139,000.

Shares of Western Union Co. (NYSE:WU) traded down 3.30% on Thursday, reaching $21.13. 15,152,459 shares of the company’s stock traded hands. Western Union Co. has a 52 week low of $16.23 and a 52 week high of $22.70. The firm’s 50 day moving average is $21.79 and its 200 day moving average is $20.79. The firm has a market capitalization of $10.24 billion, a P/E ratio of 12.80 and a beta of 1.17.

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 19th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 3.03%. Western Union’s payout ratio is 38.79%.

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Western Union in a research report on Thursday. Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Jefferies Group reiterated a “hold” rating and set a $19.00 price objective on shares of Western Union in a research report on Thursday, November 3rd. BTIG Research set a $23.00 price objective on shares of Western Union and gave the company a “buy” rating in a research report on Monday, October 24th. Finally, Guggenheim assumed coverage on shares of Western Union in a research report on Wednesday, January 4th. They set a “neutral” rating and a $23.00 price objective for the company. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.17.

About Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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