BlackRock Fund Advisors has recently announced that it has increased stake in Western Union Company (NYSE:WU) by 3.50%. After grabbing 34.54 million shares, the institutional investor is now in possession of 1.17 million shares of the Financial Company. The new investment brought the stake of investor firm to 9.48% having worth around $411.76 million. Moreover, Capital Research & Management Co increased its share by 8948.0 to have a control over 19.13 million shares. And Jupiter Asset Management Ltd. raised its holdings to 0.22 million shares by acquiring 18.08 million shares or 4.96% of the stake.
Western Union Company (WU) concluded trading on Thursday at a closing price of $12.50, with 4.12 million shares of worth about $51.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.48% during that period and on Thursday, January 25 the price saw a gain of about 1.21%. Currently the company’s common shares owned by public are about 373.50M shares, out of which, 362.65M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 537,090 shares in 23 of the transactions. In 22 selling transactions, insiders dumped 125,114 shares.
American Mutual Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Western Union Company American Mutual Fund is currently holding 11.35 million shares of worth totaling $135.24 million. The company recently came selling 3810.0 shares which brought its stake up to 3.11% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold -0.41 million shares, after which its hold over company’s outstanding shares shrunk to 3.10%, leaving 11.31 million shares with the mutual fund that have a worth of about $134.76 million. Vanguard Small Cap Index Fund, after selling 9.28 million shares, have now control over 2.55% of the stake in the company. It holds -0.42 million shares of worth $110.61 million.
However, the stock later moved at a day high price of 12.56, or with a gain of 1.21%. Stock saw a price change of 4.52% in past 5 days and over the past one month there was a price change of 5.57%. Year-to-date (YTD), WU shares are showing a performance of 4.87% which decreased to -11.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.07 but also hit the highest price of $14.66 during that period. The average intraday trading volume for Western Union Company shares is 4.84 million. The stock is currently trading 3.70% above its 20-day simple moving average (SMA20), while that difference is up 4.44% for SMA50 and it goes to 3.94% higher than SMA200.
BlackRock Fund Advisors acquired 34.54 million shares of Western Union Company having value of about $411.76 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.17 million shares in the company valued at close to $14597725.0, or have control over 3.50% stake in the company. Western Union Company (NYSE: WU) currently have 373.50M outstanding shares and institutions hold larger chunk of about 93.51% of that. Holding of mutual funds in the company is about 40.63% while other institutional holders and individual stake holders have control over 53.72% and 2.11% of the stake respectively.
The stock has a current market capitalization of $4.55B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 6.32, while it has posted earnings per share of $1.98 in the same period. Its PEG reads 6.51 while making debt-to-equity ratio of 3.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WU, volatility over the week remained 1.56% while standing at 1.95% over the month.
Analysts are in expectations that Western Union Company (WU) stock would likely to be making an EPS of $0.37 in the current quarter, while forecast for next quarter EPS is $0.4 and it is $1.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.34 which is $0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.50% while it is estimated to decrease by -2.79% in next year.
