Clarkston Capital Partners buys $124,471,058 stake in The Western Union Company (WU)

The Western Union Company (WU) : Clarkston Capital Partners scooped up 413,257 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 Jul 21, 2016. The investment management firm now holds a total of 6,143,685 shares of The Western Union Company which is valued at $124,471,058.The Western Union Company makes up approximately 6.22% of Clarkston Capital Partners’s portfolio.

Other Hedge Funds, Including , Academy Capital Management Inctx reduced its stake in WU by selling 1,185 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 61,327 shares of WU which is valued at $1,242,485. The Western Union Company makes up approx 0.32% of Academy Capital Management Inctx’s portfolio. Simplex Trading added WU to its portfolio by purchasing 3,693 company shares during the most recent quarter which is valued at $74,525. The Western Union Company makes up approx 0.01% of Simplex Trading’s portfolio.First Manhattan Co boosted its stake in WU in the latest quarter, The investment management firm added 2,662 additional shares and now holds a total of 1,824,207 shares of The Western Union Company which is valued at $36,721,287. The Western Union Company makes up approx 0.22% of First Manhattan Co’s portfolio. Centurylink Investment Management Co sold out all of its stake in WU during the most recent quarter. The investment firm sold 83,910 shares of WU which is valued $1,642,119.

The Western Union Company closed down -0.19 points or -0.93% at $20.2 with 21,86,608 shares getting traded on Thursday. Post opening the session at $20.36, the shares hit an intraday low of $20.17 and an intraday high of $20.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 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.

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