First Trust Advisors LP cut its position in shares of Western Union Company (The) (NYSE:WU) by 75.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 384,348 shares of the credit services provider’s stock after selling 1,177,979 shares during the period. First Trust Advisors LP owned 0.08% of Western Union Company (The) worth $7,322,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of 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 worth $102,000 after buying an additional 288 shares in the last quarter. Financial Architects Inc boosted its position in shares of 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 worth $132,000 after buying an additional 144 shares in the last quarter. IFP Advisors Inc boosted its position in shares of 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 worth $149,000 after buying an additional 239 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of 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 worth $152,000 after buying an additional 224 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of 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 worth $153,000 after buying an additional 477 shares in the last quarter.

Shares of Western Union Company (NYSE WU) opened at 19.04 on Tuesday. Western Union Company has a 52-week low of $18.42 and a 52-week high of $22.70. The company has a market capitalization of $8.83 billion, a PE ratio of 48.95 and a beta of 1.19. The company has a 50-day moving average of $19.18 and a 200 day moving average of $19.47.

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 for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm 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 company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Analysts predict that Western Union Company will post $1.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

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A number of brokerages have recently weighed in on WU. BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Finally, Mizuho began coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Western Union Company (The) presently has a consensus rating of “Hold” and an average price target of $20.56.

In other news, EVP John David Thompson sold 23,500 shares of the company’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 sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate 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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