Mason Street Advisors LLC purchased a new position in Western Union Co. (NYSE:WU) during the second quarter, Holdings Channel reports. The fund purchased 66,153 shares of the company’s stock, valued at approximately $1,269,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Western Union during the fourth quarter worth approximately $95,384,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Western Union by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 434,253 shares of the company’s stock valued at $8,377,000 after buying an additional 21,374 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Western Union by 228.6% in the first quarter. DnB Asset Management AS now owns 69,999 shares of the company’s stock valued at $1,350,000 after buying an additional 48,700 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of 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 valued at $2,249,000 after buying an additional 15,702 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Western Union by 7.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 122,204 shares of the company’s stock valued at $2,357,000 after buying an additional 8,949 shares during the last quarter.

Western Union Co. (NYSE:WU) opened at 20.19 on Thursday. Western Union Co. has a 12 month low of $16.02 and a 12 month high of $21.80. The company has a 50 day moving average of $20.99 and a 200 day moving average of $19.84. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 12.15 and a beta of 1.16.

Western Union (NYSE:WU) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Western Union had a return on equity of 63.02% and a net margin of 15.33%. Western Union’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, equities analysts predict that Western Union Co. will post $1.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, September 14th. Western Union’s payout ratio is 38.55%.

Several brokerages have issued reports on WU. 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. Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Jefferies Group increased their target price on shares of Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 5th. 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. Finally, Vetr cut shares of Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 target price on the stock. in a report on Monday, August 29th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Western Union presently has a consensus rating of “Hold” and a consensus target price of $18.91.

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

Western Union Company Profile

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.

5 Day Chart for NYSE:WU

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