Marshall Financial Group LLC Has $907,000 Stake in The Western Union Company (NYSE:WU)

Marshall Financial Group LLC boosted its holdings in The Western Union Company (NYSE:WU) by 11.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,881 shares of the credit services provider’s stock after purchasing an additional 6,735 shares during the quarter. Marshall Financial Group LLC’s holdings in Western Union were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Western Union by 7.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 321,236 shares of the credit services provider’s stock valued at $4,234,000 after buying an additional 23,026 shares in the last quarter. FMR LLC raised its position in shares of Western Union by 14.2% in the 3rd quarter. FMR LLC now owns 918,617 shares of the credit services provider’s stock valued at $12,107,000 after buying an additional 114,350 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Western Union by 6.6% in the 3rd quarter. Natixis Advisors L.P. now owns 48,669 shares of the credit services provider’s stock valued at $641,000 after buying an additional 3,017 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Western Union by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 169,552 shares of the credit services provider’s stock valued at $2,235,000 after buying an additional 842 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Western Union by 9.7% during the 3rd quarter. Schroder Investment Management Group now owns 6,839,743 shares of the credit services provider’s stock worth $90,148,000 after purchasing an additional 605,620 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Stock Down 0.5 %

Western Union stock opened at $12.25 on Friday. The Western Union Company has a fifty-two week low of $10.92 and a fifty-two week high of $14.19. The stock has a market cap of $4.14 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.85. The firm’s 50-day simple moving average is $12.80 and its 200 day simple moving average is $12.84. The company has a debt-to-equity ratio of 6.38, a quick ratio of 1.01 and a current ratio of 1.01.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Western Union had a net margin of 14.12% and a return on equity of 120.76%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Research analysts predict that The Western Union Company will post 1.76 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date was Friday, June 14th. Western Union’s payout ratio is 55.62%.

Wall Street Analyst Weigh In

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

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.