Texas Permanent School Fund Corp Has $3.21 Million Stock Holdings in The Western Union Company (NYSE:WU)

Texas Permanent School Fund Corp trimmed its stake in The Western Union Company (NYSE:WU) by 13.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,342 shares of the credit services provider’s stock after selling 41,794 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Western Union worth $3,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC bought a new position in shares of Western Union during the 1st quarter worth approximately $30,000. Riverview Trust Co acquired a new position in shares of Western Union during the 1st quarter worth $32,000. LRI Investments LLC acquired a new position in shares of Western Union during the 1st quarter worth $37,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Western Union during the 1st quarter worth $41,000. Finally, Abich Financial Wealth Management LLC grew its position in Western Union by 59.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 1,233 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Western Union Stock Performance

Shares of Western Union stock opened at $11.86 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.98. The company has a market cap of $4.01 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86. The business has a 50 day moving average price of $12.08 and a 200-day moving average price of $12.75. The Western Union Company has a 52 week low of $10.92 and a 52 week high of $14.19.

Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Western Union had a net margin of 13.64% and a return on equity of 123.71%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. Equities analysts anticipate that The Western Union Company will post 1.77 earnings per share 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 issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Monday, September 16th. Western Union’s dividend payout ratio (DPR) is 55.62%.

Wall Street Analyst Weigh In

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

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.