First Mercantile Trust Co. lowered its stake in Western Union Company (The) (NYSE:WU) by 44.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,930 shares of the credit services provider’s stock after selling 42,835 shares during the period. First Mercantile Trust Co.’s holdings in Western Union Company (The) were worth $1,027,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Whittier Trust Co. raised its stake in Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock valued at $102,000 after buying an additional 288 shares during the period. Financial Architects Inc raised 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 buying an additional 144 shares during the period. IFP Advisors Inc raised 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 buying an additional 239 shares during the period. Pacer Advisors Inc. raised 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 buying an additional 224 shares during the period. Finally, Van ECK Associates Corp raised 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 buying an additional 477 shares during the period.

Western Union Company (NYSE WU) opened at 18.90 on Friday. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The company has a 50-day moving average price of $19.15 and a 200-day moving average price of $19.52. The firm has a market capitalization of $8.77 billion, a PE ratio of 48.59 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ 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 net margin of 3.50% and a return on equity of 92.41%. Western Union Company (The)’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. On average, analysts predict that Western Union Company will post $1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.70%. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

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Several equities research analysts have commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday. Mizuho assumed coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective for the company. Barclays PLC boosted their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

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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