Virginia Retirement Systems ET AL acquired a new stake in Western Union Co. (NYSE:WU) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 371,400 shares of the company’s stock, valued at approximately $7,123,000. Virginia Retirement Systems ET AL owned approximately 0.08% of Western Union as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Western Union during the fourth quarter worth about $95,384,000. Chevy Chase Trust Holdings Inc. raised its stake in Western Union by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 434,253 shares of the company’s stock worth $8,377,000 after buying an additional 21,374 shares during the period. DnB Asset Management AS raised its stake in Western Union by 228.6% in the first quarter. DnB Asset Management AS now owns 69,999 shares of the company’s stock worth $1,350,000 after buying an additional 48,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Western Union by 15.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 116,578 shares of the company’s stock worth $2,249,000 after buying an additional 15,702 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Western Union by 7.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 122,204 shares of the company’s stock worth $2,357,000 after buying an additional 8,949 shares during the period.

Shares of Western Union Co. (NYSE:WU) opened at 20.33 on Monday. Western Union Co. has a one year low of $16.02 and a one year high of $21.80. The stock has a market cap of $9.92 billion, a P/E ratio of 12.23 and a beta of 1.16. The stock has a 50 day moving average of $20.98 and a 200 day moving average of $19.78.

Western Union (NYSE:WU) last issued its earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts expect that Western Union Co. will post $1.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.15%. Western Union’s dividend payout ratio (DPR) is 38.55%.

A number of equities research analysts have issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $23.00 target price on shares of Western Union in a report on Monday, August 1st. Citigroup Inc. increased their target price on shares of Western Union from $15.50 to $17.00 and gave the stock a “sell” rating in a report on Thursday, August 4th. Barclays PLC increased their target price on shares of Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Vetr upgraded shares of Western Union from a “sell” rating to a “hold” rating and set a $19.20 target price on the stock in a report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.91.

In other news, Director Betsy D. Holden sold 21,281 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now owns 93,826 shares in the company, valued at $1,972,222.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hikmet Ersek sold 276,127 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $21.52, for a total transaction of $5,942,253.04. Following the transaction, the insider now owns 407,285 shares of the company’s stock, valued at approximately $8,764,773.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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