Mutual of America Capital Management LLC Sells 16,582 Shares of The Western Union Company (NYSE:WU)

Mutual of America Capital Management LLC lessened its holdings in The Western Union Company (NYSE:WU) by 7.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,846 shares of the credit services provider’s stock after selling 16,582 shares during the period. Mutual of America Capital Management LLC’s holdings in Western Union were worth $2,920,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WU. Axxcess Wealth Management LLC bought a new stake in Western Union during the 4th quarter worth approximately $300,000. Franklin Resources Inc. raised its stake in Western Union by 19.8% during the 4th quarter. Franklin Resources Inc. now owns 841,034 shares of the credit services provider’s stock worth $10,057,000 after acquiring an additional 138,915 shares during the period. Insight Folios Inc bought a new stake in Western Union during the 1st quarter worth approximately $5,388,000. Gilman Hill Asset Management LLC raised its stake in Western Union by 24.2% during the 1st quarter. Gilman Hill Asset Management LLC now owns 559,248 shares of the credit services provider’s stock worth $7,818,000 after acquiring an additional 109,014 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Western Union by 5.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,252,897 shares of the credit services provider’s stock worth $17,516,000 after acquiring an additional 65,087 shares during the period. Institutional investors own 91.81% of the company’s stock.

Western Union Trading Up 0.4 %

WU stock opened at $12.56 on Friday. The firm has a fifty day moving average price of $12.68 and a 200 day moving average price of $12.85. The Western Union Company has a fifty-two week low of $10.92 and a fifty-two week high of $14.19. The company has a debt-to-equity ratio of 6.38, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $4.25 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.82 and a beta of 0.85.

Western Union (NYSE:WU) last posted its earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Western Union had a net margin of 14.12% and a return on equity of 120.76%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $0.43 earnings per share. Western Union’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that The Western Union Company will post 1.76 earnings per share for the current fiscal year.

Western Union Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend was Friday, June 14th. Western Union’s dividend payout ratio (DPR) is presently 55.62%.

Analysts Set New Price Targets

A number of equities research analysts have commented on WU shares. Monness Crespi & Hardt started coverage on shares of Western Union in a research note on Wednesday, March 20th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Western Union from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Finally, Evercore ISI lifted their price objective on shares of Western Union from $14.00 to $15.00 and gave the company an “in-line” rating in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.61.

Western Union 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.