Wellington Management Group LLP Has $1.19 Million Position in The Western Union Company (NYSE:WU)

Wellington Management Group LLP raised its stake in The Western Union Company (NYSE:WU - Free Report) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,978 shares of the credit services provider's stock after buying an additional 46,021 shares during the quarter. Wellington Management Group LLP's holdings in Western Union were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of Western Union by 13.5% in the 3rd quarter. Quantinno Capital Management LP now owns 38,328 shares of the credit services provider's stock valued at $457,000 after buying an additional 4,552 shares during the period. National Bank of Canada FI lifted its holdings in Western Union by 9.0% during the third quarter. National Bank of Canada FI now owns 88,083 shares of the credit services provider's stock worth $1,051,000 after acquiring an additional 7,270 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in Western Union in the third quarter valued at about $734,000. MML Investors Services LLC increased its holdings in shares of Western Union by 17.0% in the third quarter. MML Investors Services LLC now owns 29,204 shares of the credit services provider's stock worth $348,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Western Union by 21.0% during the third quarter. Public Employees Retirement System of Ohio now owns 205,562 shares of the credit services provider's stock worth $2,452,000 after purchasing an additional 35,680 shares during the period. Institutional investors own 91.81% of the company's stock.

Western Union Stock Up 0.6 %

Shares of Western Union stock traded up $0.06 on Friday, reaching $9.81. 4,725,528 shares of the company were exchanged, compared to its average volume of 4,675,379. The Western Union Company has a one year low of $9.00 and a one year high of $13.93. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 3.04. The company has a 50-day moving average of $10.45 and a 200 day moving average of $10.72. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 3.59, a PEG ratio of 1.32 and a beta of 0.69.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Western Union had a net margin of 22.19% and a return on equity of 96.90%. On average, equities research analysts forecast that The Western Union Company will post 1.79 earnings per share for the current year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.235 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.94 annualized dividend and a yield of 9.59%. Western Union's dividend payout ratio is 34.43%.

Wall Street Analysts Forecast Growth

WU has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $14.00 price objective on shares of Western Union in a research report on Thursday, April 3rd. Morgan Stanley reduced their price target on shares of Western Union from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Wednesday, February 5th. JMP Securities restated a "market perform" rating on shares of Western Union in a report on Thursday, February 6th. Finally, Susquehanna reduced their target price on shares of Western Union from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.11.

About Western Union

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.