Nationwide Fund Advisors lifted its position in shares of Western Union Company (The) (NYSE:WU) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 363,411 shares of the credit services provider’s stock after buying an additional 49,300 shares during the quarter. Nationwide Fund Advisors owned approximately 0.08% of Western Union Company (The) worth $6,923,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Western Union Company (The) by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock valued at $1,035,417,000 after buying an additional 795,312 shares in the last quarter. FMR LLC grew its holdings in Western Union Company (The) by 0.8% during the 1st quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock valued at $832,474,000 after buying an additional 326,222 shares during the last quarter. BlackRock Inc. grew its holdings in Western Union Company (The) by 3,333.4% during the 1st quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp grew its holdings in Western Union Company (The) by 4.5% during the 1st quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Clarkston Capital Partners LLC grew its holdings in Western Union Company (The) by 12.6% during the 2nd quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock valued at $161,405,000 after buying an additional 950,840 shares during the last quarter.

Western Union Company (WU) opened at 19.20 on Monday. The company’s 50-day moving average price is $19.06 and its 200 day moving average price is $19.35. The stock has a market capitalization of $8.91 billion, a P/E ratio of 49.36 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 posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Western Union Company will post $1.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is currently 179.49%.

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

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Several research firms have weighed in on WU. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Mizuho assumed coverage on Western Union Company (The) in a research report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective on the stock. Barclays PLC upped their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.56.

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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