Kendall Capital Management Has $738,000 Stock Holdings in The Western Union Company (NYSE:WU)

Kendall Capital Management reduced its position in The Western Union Company (NYSE:WU) by 12.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 60,377 shares of the credit services provider’s stock after selling 8,515 shares during the period. Kendall Capital Management’s holdings in Western Union were worth $738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WU. Price T Rowe Associates Inc. MD lifted its position in shares of Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after buying an additional 13,724,584 shares during the last quarter. LSV Asset Management lifted its holdings in Western Union by 17.7% during the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after purchasing an additional 1,462,853 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Western Union by 27.9% in the fourth quarter. Allianz Asset Management GmbH now owns 7,460,960 shares of the credit services provider’s stock valued at $88,935,000 after purchasing an additional 1,627,822 shares during the last quarter. Discerene Group LP increased its holdings in shares of Western Union by 11.9% in the first quarter. Discerene Group LP now owns 6,682,192 shares of the credit services provider’s stock valued at $93,417,000 after purchasing an additional 710,873 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Western Union by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,543,650 shares of the credit services provider’s stock valued at $54,161,000 after purchasing an additional 721,331 shares during the period. Institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup reiterated a “neutral” rating and issued a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. Royal Bank of Canada lowered their target price on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.14.

Western Union Stock Performance

NYSE:WU opened at $11.90 on Thursday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.76 and a beta of 0.86. 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 5.98, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $12.05 and a 200-day moving average price of $12.72.

Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a return on equity of 123.71% and a net margin of 13.64%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.51 EPS. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.

Western Union Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.94 annualized dividend and a yield of 7.90%. Western Union’s dividend payout ratio is currently 55.62%.

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.