Gideon Capital Advisors Inc. acquired a new stake in The Western Union Company (NYSE:WU) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,308 shares of the credit services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Monument Capital Management raised its position in shares of The Western Union by 10.4% in the 4th quarter. Monument Capital Management now owns 98,458 shares of the credit services provider’s stock valued at $1,680,000 after buying an additional 9,251 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of The Western Union by 83.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 11,775,000 shares of the credit services provider’s stock valued at $224,432,000 after buying an additional 5,353,000 shares in the last quarter. Tredje AP fonden raised its position in shares of The Western Union by 34.8% in the 4th quarter. Tredje AP fonden now owns 120,422 shares of the credit services provider’s stock valued at $2,077,000 after buying an additional 31,075 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of The Western Union in the 3rd quarter valued at approximately $282,000. Finally, Bridgewater Associates LP raised its position in shares of The Western Union by 138.0% in the 3rd quarter. Bridgewater Associates LP now owns 701,521 shares of the credit services provider’s stock valued at $13,371,000 after buying an additional 406,786 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

WU stock opened at $18.35 on Friday. The company has a market cap of $8.00 billion, a P/E 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 released its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The Western Union had a net margin of 15.24% and a negative return on equity of 225.33%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Analysts anticipate that The Western Union Company will post 1.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.20 per share. 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 is Thursday, March 14th. The Western Union’s dividend payout ratio is currently 39.58%.

In related news, CFO Rajesh K. Agrawal sold 21,950 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $18.35, for a total transaction of $402,782.50. Following the completion of the transaction, the chief financial officer now directly owns 266,009 shares in the company, valued at approximately $4,881,265.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several brokerages have recently commented on WU. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Saturday, December 1st. ValuEngine cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, 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 for the company. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The Western Union presently has an average rating of “Hold” and an average price target of $20.00.

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About The Western Union

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.

Read More: Net Margin

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

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