KBC Group NV reduced its position in The Western Union Company (NYSE:WU) by 96.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,631 shares of the credit services provider’s stock after selling 1,794,384 shares during the period. KBC Group NV’s holdings in The Western Union were worth $1,051,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in WU. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in The Western Union by 7.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 169,654 shares of the credit services provider’s stock worth $2,894,000 after acquiring an additional 12,300 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in The Western Union by 76.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,853 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 800 shares in the last quarter. DT Investment Partners LLC purchased a new stake in The Western Union in the 4th quarter worth $3,677,000. Quantamental Technologies LLC purchased a new stake in The Western Union in the 4th quarter worth $575,000. Finally, PGGM Investments increased its holdings in The Western Union by 37.7% in the 4th quarter. PGGM Investments now owns 2,206,621 shares of the credit services provider’s stock worth $37,645,000 after acquiring an additional 604,186 shares in the last quarter.
NYSE WU opened at $17.95 on Thursday. The Western Union Company has a 12 month low of $16.42 and a 12 month high of $21.37. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 2.24 and a beta of 0.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.46%. This is a boost from The Western Union’s previous quarterly dividend of $0.19. The Western Union’s dividend payout ratio is presently 39.58%.
Several research analysts have recently weighed in on WU shares. Zacks Investment Research reissued a “hold” rating on shares of The Western Union in a research report on Saturday, November 17th. Barclays started coverage on shares of The Western Union in a research report on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods started coverage on shares of The Western Union in a research report on Thursday, December 6th. They set a “market perform” rating on the stock. Wells Fargo & Co cut shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Tuesday, November 6th. Finally, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The Western Union presently has a consensus rating of “Hold” and a consensus price target of $19.20.
In other The Western Union news, CFO Rajesh K. Agrawal sold 21,950 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $18.35, for a total value of $402,782.50. Following the transaction, the chief financial officer now owns 266,009 shares of the company’s stock, valued at $4,881,265.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Caroline Tsai sold 2,440 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $18.51, for a total transaction of $45,164.40. Following the completion of the transaction, the executive vice president now directly owns 43,244 shares in the company, valued at approximately $800,446.44. The disclosure for this sale can be found here. Insiders sold 43,099 shares of company stock worth $787,328 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
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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.
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