Valley National Advisers Inc. raised its position in shares of Western Union Co. (NYSE:WU) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 52,937 shares of the company’s stock after buying an additional 1,114 shares during the period. Valley National Advisers Inc.’s holdings in Western Union were worth $1,102,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in Western Union by 18.3% in the second quarter. IFP Advisors Inc now owns 6,214 shares of the company’s stock worth $119,000 after buying an additional 963 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in Western Union by 137.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,984 shares of the company’s stock worth $134,000 after buying an additional 4,037 shares during the period. Pacer Advisors Inc. boosted its stake in Western Union by 6.4% in the second quarter. Pacer Advisors Inc. now owns 7,346 shares of the company’s stock worth $141,000 after buying an additional 439 shares during the period. Tower Research Capital LLC TRC boosted its stake in Western Union by 58.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,154 shares of the company’s stock worth $156,000 after buying an additional 2,994 shares during the period. Finally, Pinkerton Retirement Specialists LLC purchased a new stake in Western Union during the second quarter worth approximately $171,000.
Western Union Co. (NYSE:WU) traded down 3.30% during midday trading on Thursday, hitting $21.13. The stock had a trading volume of 15,154,315 shares. The firm has a 50-day moving average of $21.79 and a 200-day moving average of $20.79. Western Union Co. has a 12-month low of $16.23 and a 12-month high of $22.70. The company has a market cap of $10.24 billion, a PE ratio of 12.80 and a beta of 1.17.
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 19th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, December 15th. Western Union’s dividend payout ratio is currently 38.79%.
A number of analysts recently commented on the company. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. BTIG Research set a $23.00 price target on Western Union and gave the stock a “buy” rating in a research report on Monday, October 24th. Jefferies Group restated a “hold” rating and issued a $19.00 price target on shares of Western Union in a research report on Thursday, November 3rd. JMP Securities restated a “market perform” rating on shares of Western Union in a research report on Thursday. Finally, Guggenheim began coverage on Western Union in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $23.00 price target for the company. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Western Union presently has a consensus rating of “Hold” and an average target price 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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