Three Seasons Wealth LLC Buys New Position in The Western Union Company (NYSE:WU)

Three Seasons Wealth LLC acquired a new stake in The Western Union Company (NYSE:WU - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 46,837 shares of the credit services provider's stock, valued at approximately $496,000.

Several other hedge funds also recently bought and sold shares of WU. Price T Rowe Associates Inc. MD increased its position in shares of Western Union by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,983,265 shares of the credit services provider's stock valued at $307,224,000 after purchasing an additional 4,426,126 shares during the last quarter. Invesco Ltd. lifted its stake in Western Union by 202.9% in the fourth quarter. Invesco Ltd. now owns 5,661,732 shares of the credit services provider's stock worth $60,014,000 after purchasing an additional 3,792,683 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Western Union by 32.1% during the fourth quarter. Schroder Investment Management Group now owns 9,021,308 shares of the credit services provider's stock valued at $95,626,000 after buying an additional 2,194,403 shares during the last quarter. Norges Bank purchased a new position in shares of Western Union in the fourth quarter worth about $22,984,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Western Union during the 4th quarter valued at about $22,848,000. Hedge funds and other institutional investors own 91.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WU shares. Morgan Stanley dropped their price target on Western Union from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 5th. JMP Securities reiterated a "market perform" rating on shares of Western Union in a research report on Thursday. Susquehanna lowered their target price on Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday. Monness Crespi & Hardt lowered Western Union from a "neutral" rating to a "sell" rating and set a $7.50 price target for the company. in a research note on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on Western Union from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.78.

Western Union Price Performance

WU traded down $0.04 during trading on Friday, hitting $10.14. The company's stock had a trading volume of 7,455,547 shares, compared to its average volume of 4,769,948. 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 firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 3.71, a P/E/G ratio of 1.32 and a beta of 0.69. The business's fifty day simple moving average is $10.41 and its 200 day simple moving average is $10.66. The Western Union Company has a twelve month low of $9.00 and a twelve month high of $13.60.

Western Union (NYSE:WU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Western Union had a net margin of 22.19% and a return on equity of 96.90%. The business had revenue of $983.60 million during the quarter, compared to analysts' expectations of $1.01 billion. On average, equities research analysts forecast that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date was Monday, March 17th. Western Union's dividend payout ratio is currently 35.07%.

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.