OLD National Bancorp IN Grows Stock Holdings in The Western Union Company (NYSE:WU)

OLD National Bancorp IN lifted its holdings in shares of The Western Union Company (NYSE:WU - Free Report) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704,054 shares of the credit services provider's stock after buying an additional 74,742 shares during the period. OLD National Bancorp IN owned approximately 0.21% of Western Union worth $8,399,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. MCF Advisors LLC bought a new position in shares of Western Union during the 1st quarter valued at $30,000. Riverview Trust Co bought a new position in Western Union in the first quarter valued at about $32,000. Quarry LP boosted its position in Western Union by 52.9% in the second quarter. Quarry LP now owns 2,588 shares of the credit services provider's stock worth $32,000 after purchasing an additional 895 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Western Union during the 1st quarter valued at about $37,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Western Union by 89.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 1,522 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Western Union Price Performance

Shares of NYSE:WU remained flat at $11.93 during trading on Friday. The company had a trading volume of 3,337,954 shares, compared to its average volume of 4,318,813. The firm has a 50-day moving average of $11.87 and a 200-day moving average of $12.42. The firm has a market capitalization of $4.03 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The Western Union Company has a 12-month low of $10.92 and a 12-month high of $14.19. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.05 and a current ratio of 1.05.

Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a net margin of 13.64% and a return on equity of 123.71%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. The company's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, sell-side analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.

Western Union Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.235 per share. The ex-dividend date was Monday, September 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.88%. Western Union's payout ratio is 57.67%.

Analyst Ratings Changes

WU has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on shares of Western Union from $16.00 to $14.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 31st. Citigroup restated a "neutral" rating and issued a $13.00 price objective on shares of Western Union in a research note on Wednesday, July 17th. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced their price target on Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.14.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.