ETF Managers Group LLC acquired a new stake in Western Union Company (The) (NYSE:WU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 267,507 shares of the credit services provider’s stock, valued at approximately $5,096,000. ETF Managers Group LLC owned about 0.06% of Western Union Company (The) at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fiduciary Trust Co. purchased a new position in Western Union Company (The) in the second quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Western Union Company (The) during the second quarter valued at $129,000. Financial Architects Inc boosted its stake in shares of Western Union Company (The) by 2.1% during the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after acquiring an additional 144 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Western Union Company (The) by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after acquiring an additional 239 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Western Union Company (The) by 3.1% during the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock valued at $152,000 after acquiring an additional 224 shares during the last quarter.

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Shares of Western Union Company (NYSE WU) traded up 1.211% on Thursday, reaching $19.645. The company’s stock had a trading volume of 1,219,413 shares. The company has a 50 day moving average price of $18.99 and a 200 day moving average price of $19.29. The company has a market cap of $9.12 billion, a P/E ratio of 50.501 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 released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts anticipate that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a 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%.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the 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 completion of the transaction, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on WU. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday. Barclays PLC raised their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. ValuEngine upgraded Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday. Finally, BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.38.

Western Union Company (The) 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.

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

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