Freestone Capital Holdings buys $19.9 Million stake in The Western Union Company (WU)

The Western Union Company (WU) : Freestone Capital Holdings scooped up 910,899 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 May 12, 2016. The investment management firm now holds a total of 1,039,765 shares of The Western Union Company which is valued at $19.9 Million.The Western Union Company makes up approximately 2.14% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in WU in the latest quarter, The investment management firm added 76,519 additional shares and now holds a total of 655,484 shares of The Western Union Company which is valued at $12.6 Million. The Western Union Company makes up approx 0.06% of Credit Agricole S A’s portfolio.Catalyst Capital Advisors reduced its stake in WU by selling 11,093 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 263,609 shares of WU which is valued at $5.1 Million. The Western Union Company makes up approx 0.91% of Catalyst Capital Advisors’s portfolio.Jensen Investment Management Inc boosted its stake in WU in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 21,540 shares of The Western Union Company which is valued at $409,260. The Western Union Company makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.Trutina Financial reduced its stake in WU by selling 2,574 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 95,712 shares of WU which is valued at $1.9 Million. The Western Union Company makes up approx 2.09% of Trutina Financial’s portfolio.

The Western Union Company opened for trading at $19.01 and hit $19.34 on the upside on Friday, eventually ending the session at $19.25, with a gain of 1.91% or 0.36 points. The heightened volatility saw the trading volume jump to 36,81,811 shares. Company has a market cap of $9,454 M.

On the company’s financial health, The Western Union Company reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $1297.70 million for the quarter, compared to analysts expectations of $1313.67 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Investors should note that on May 12, 2016, The Western Union Company announced a cash dividend of $0.1600. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on The Western Union Company. Compass Point Initiated The Western Union Company on Apr 15, 2016 to “Neutral”, 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.

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