CIBC Asset Management Inc cut its position in shares of The Western Union Company (NYSE:WU) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 41,686 shares of the credit services provider’s stock after selling 990 shares during the period. CIBC Asset Management Inc’s holdings in The Western Union were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ffcm LLC lifted its stake in The Western Union by 50.0% during the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 565 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in The Western Union by 76.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,853 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 800 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in The Western Union by 252.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,218 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 1,588 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in The Western Union by 1,585.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 851,158 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 800,665 shares during the last quarter. Finally, Rational Advisors LLC lifted its stake in The Western Union by 347.4% during the fourth quarter. Rational Advisors LLC now owns 3,011 shares of the credit services provider’s stock worth $51,000 after purchasing an additional 2,338 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. ValuEngine cut The Western Union from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Finally, Keefe, Bruyette & Woods assumed coverage on The Western Union in a research note on Thursday, December 6th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The Western Union has a consensus rating of “Hold” and a consensus target price of $20.00.

WU stock opened at $18.35 on Friday. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 2.68 and a beta of 0.90. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $21.37.

The Western Union (NYSE:WU) last posted its earnings results on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, equities research analysts anticipate that The Western Union Company will post 1.87 EPS for the current fiscal year.

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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.36%. This is a boost from The Western Union’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 14th. The Western Union’s dividend payout ratio (DPR) is presently 39.58%.

In other The Western Union news, CFO Rajesh K. Agrawal sold 21,950 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $18.35, for a total value of $402,782.50. Following the sale, the chief financial officer now directly owns 266,009 shares in the company, valued at $4,881,265.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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The Western Union 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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Institutional Ownership by Quarter for The Western Union (NYSE:WU)

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