The Western Union Company (WU) : Freestone Capital Holdings scooped up 55,813 additional shares in The Western Union Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,095,578 shares of The Western Union Company which is valued at $22,974,271.The Western Union Company makes up approximately 2.13% of Freestone Capital Holdings’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in WU by selling 13,937 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 159,346 shares of WU which is valued at $3,341,486. The Western Union Company makes up approx 0.04% of Texas Permanent School Fund’s portfolio. Private Advisor Group added WU to its portfolio by purchasing 13,568 company shares during the most recent quarter which is valued at $282,893. The Western Union Company makes up approx 0.01% of Private Advisor Group’s portfolio.Arrow Investment Advisors reduced its stake in WU by selling 915 shares or 7.56% in the most recent quarter. The Hedge Fund company now holds 11,196 shares of WU which is valued at $223,920. The Western Union Company makes up approx 0.05% of Arrow Investment Advisors’s portfolio.Palo Capital boosted its stake in WU in the latest quarter, The investment management firm added 61,124 additional shares and now holds a total of 130,428 shares of The Western Union Company which is valued at $2,642,471. The Western Union Company makes up approx 0.88% of Palo Capital’s portfolio.
The Western Union Company opened for trading at $21 and hit $21.205 on the upside on Friday, eventually ending the session at $21.2, with a gain of 0.57% or 0.12 points. The heightened volatility saw the trading volume jump to 30,75,680 shares. Company has a market cap of $10,340 M.
On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $1375.70 million for the quarter, compared to analysts expectations of $1376.71 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.
Investors should note that on Jul 14, 2016, The Western Union Company announced a cash dividend of $0.1600. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on The Western Union Company. Barclays Downgraded The Western Union Company on Jul 7, 2016 to ” Underweight”, Price Target of the shares are set at $20.
The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.