Pitcairn Co. purchased a new stake in shares of Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,120 shares of the credit services provider’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock valued at $1,035,417,000 after buying an additional 795,312 shares during the last quarter. FMR LLC boosted its position in shares of Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock valued at $832,474,000 after buying an additional 326,222 shares during the last quarter. BlackRock Inc. boosted its position in shares of Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp boosted its position in shares of Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its position in shares of Western Union Company (The) by 12.6% in the second quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock valued at $161,405,000 after buying an additional 950,840 shares during the last quarter.

Shares of Western Union Company (NYSE:WU) opened at 19.14 on Tuesday. The firm’s 50-day moving average is $19.15 and its 200 day moving average is $19.51. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 49.20 and a beta of 1.19. Western Union Company has a 52-week low of $18.42 and a 52-week high of $22.70.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that Western Union Company will post $1.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is currently 179.49%.

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Several research analysts recently commented on WU shares. Mizuho started coverage on shares of Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price for the company. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Barclays PLC increased their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Western Union Company (The) presently has a consensus rating of “Hold” and a consensus target price of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the transaction, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Western Union Company (The) 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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