D.A. Davidson & CO. lessened its stake in Western Union Company (The) (NYSE:WU) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,850 shares of the credit services provider’s stock after selling 935 shares during the period. D.A. Davidson & CO.’s holdings in Western Union Company (The) were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of WU. Fiduciary Trust Co. purchased a new position in Western Union Company (The) in the second quarter valued at about $121,000. Financial Architects Inc grew its stake in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the last quarter. IFP Advisors Inc grew its stake in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 239 shares during the last quarter. Pacer Advisors Inc. grew its stake in Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 224 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 477 shares during the last quarter.

Shares of Western Union Company (NYSE WU) opened at 19.41 on Thursday. The stock’s 50 day moving average price is $18.99 and its 200-day moving average price is $19.28. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 49.90 and a beta of 1.20. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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

Several research firms have issued reports on WU. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Barclays PLC lifted their target price on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. ValuEngine upgraded Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Mizuho assumed coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Western Union Company (The) has an average rating of “Hold” and an average price target of $20.38.

About Western Union Company (The)

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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