Citigroup Inc. Boosts Stock Holdings in The Western Union Company (NYSE:WU)

Citigroup Inc. boosted its stake in shares of The Western Union Company (NYSE:WUGet Rating) by 47.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,185,601 shares of the credit services provider’s stock after acquiring an additional 383,337 shares during the period. Citigroup Inc. owned 0.29% of Western Union worth $21,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Denali Advisors LLC purchased a new position in shares of Western Union in the 4th quarter worth $25,000. CWM LLC purchased a new position in shares of Western Union in the 4th quarter worth $30,000. Spire Wealth Management purchased a new position in shares of Western Union in the 4th quarter worth $42,000. Allworth Financial LP grew its stake in shares of Western Union by 297.3% in the 4th quarter. Allworth Financial LP now owns 2,678 shares of the credit services provider’s stock worth $48,000 after buying an additional 2,004 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in shares of Western Union by 3,208.6% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,680 shares of the credit services provider’s stock worth $47,000 after buying an additional 2,599 shares in the last quarter. 97.43% of the stock is owned by institutional investors.

NYSE:WU opened at $17.41 on Wednesday. The Western Union Company has a one year low of $15.69 and a one year high of $25.34. The company has a debt-to-equity ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $6.72 billion, a P/E ratio of 7.67 and a beta of 0.92. The firm has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $18.16.

Western Union (NYSE:WUGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The credit services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. Western Union had a net margin of 18.29% and a return on equity of 269.10%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts predict that The Western Union Company will post 1.8 EPS for the current fiscal year.

Western Union declared that its Board of Directors has initiated a share repurchase program on Thursday, February 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of equities analysts recently commented on WU shares. JPMorgan Chase & Co. dropped their price target on shares of Western Union from $20.00 to $19.00 in a research note on Friday, April 29th. Zacks Investment Research raised shares of Western Union from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research note on Thursday, April 14th. Wolfe Research reaffirmed a “hold” rating and set a $21.00 price target on shares of Western Union in a research note on Friday, March 25th. The Goldman Sachs Group started coverage on shares of Western Union in a research note on Tuesday. They set a “sell” rating for the company. Finally, UBS Group assumed coverage on shares of Western Union in a research note on Thursday, March 31st. They set a “neutral” rating and a $19.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Western Union has a consensus rating of “Hold” and a consensus price target of $20.12.

Western Union Profile (Get Rating)

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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

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

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