Seizert Capital Partners Lowers stake in The Western Union Company (WU)

The Western Union Company (WU) : Seizert Capital Partners reduced its stake in The Western Union Company by 10.21% during the most recent quarter end. The investment management company now holds a total of 2,506,261 shares of The Western Union Company which is valued at $52,556,293 after selling 284,872 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.The Western Union Company makes up approximately 1.88% of Seizert Capital Partners’s portfolio.

Other Hedge Funds, Including , Martingale Asset Management L P added WU to its portfolio by purchasing 50,691 company shares during the most recent quarter which is valued at $1,062,990. The Western Union Company makes up approx 0.02% of Martingale Asset Management L P’s portfolio.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.Victory Capital Management Inc boosted its stake in WU in the latest quarter, The investment management firm added 26,976 additional shares and now holds a total of 143,003 shares of The Western Union Company which is valued at $3,014,503. The Western Union Company makes up approx 0.01% of Victory Capital Management Inc’s portfolio.Auxier Asset Management reduced its stake in WU by selling 12,054 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 201,848 shares of WU which is valued at $4,238,808. The Western Union Company makes up approx 0.95% of Auxier Asset Management’s portfolio.Smithfield Trust Co reduced its stake in WU by selling 7,000 shares or 53.44% in the most recent quarter. The Hedge Fund company now holds 6,100 shares of WU which is valued at $122,000. The Western Union Company makes up approx 0.02% of Smithfield Trust Co’s portfolio.

The Western Union Company closed down -0.04 points or -0.19% at $21.37 with 41,77,728 shares getting traded on Tuesday. Post opening the session at $21.49, the shares hit an intraday low of $21.32 and an intraday high of $21.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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