Jane Street Group LLC acquired a new stake in Western Union Company (The) (NYSE:WU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 295,542 shares of the credit services provider’s stock, valued at approximately $5,674,000. Jane Street Group LLC owned 0.06% of Western Union as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loudon Investment Management LLC increased its stake in shares of Western Union by 1.4% during the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock worth $213,000 after acquiring an additional 150 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Western Union by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock worth $341,000 after acquiring an additional 190 shares during the period. IFP Advisors Inc increased its stake in shares of Western Union by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 239 shares during the period. Strs Ohio increased its stake in shares of Western Union by 2.3% during the second quarter. Strs Ohio now owns 20,750 shares of the credit services provider’s stock worth $395,000 after acquiring an additional 466 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Western Union by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 627 shares during the period.

In other Western Union news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the sale, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,859,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

WU has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Western Union from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Friday, November 3rd. Morgan Stanley boosted their price target on shares of Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, November 6th. ValuEngine upgraded shares of Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Mizuho restated a “sell” rating and set a $16.00 target price on shares of Western Union in a research report on Sunday, October 15th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.14.

Shares of Western Union Company (WU) traded down $0.13 on Friday, reaching $19.39. 3,210,851 shares of the company’s stock traded hands, compared to its average volume of 3,304,145. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.98. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The firm has a market capitalization of $8,965.39, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.85 and a beta of 1.00.

Western Union (NYSE:WU) last issued its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. Western Union had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. sell-side analysts predict that Western Union Company will post 1.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, December 15th. Western Union’s dividend payout ratio (DPR) is presently 152.17%.

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Western Union 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.

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

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