OLD Mutual Customised Solutions Proprietary Ltd. lowered its position in The Western Union Company (NYSE:WU) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,829 shares of the credit services provider’s stock after selling 5,700 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in The Western Union were worth $789,000 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 WU. State of Wisconsin Investment Board boosted its stake in shares of The Western Union by 166.7% during the 1st quarter. State of Wisconsin Investment Board now owns 514,156 shares of the credit services provider’s stock worth $9,887,000 after acquiring an additional 321,383 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of The Western Union by 17.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,082,757 shares of the credit services provider’s stock worth $59,282,000 after acquiring an additional 460,759 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of The Western Union by 208.9% during the 1st quarter. Teacher Retirement System of Texas now owns 391,435 shares of the credit services provider’s stock worth $7,527,000 after acquiring an additional 264,713 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of The Western Union during the 1st quarter worth about $235,000. Finally, KBC Group NV boosted its stake in shares of The Western Union by 21.0% during the 1st quarter. KBC Group NV now owns 805,864 shares of the credit services provider’s stock worth $15,497,000 after acquiring an additional 139,897 shares in the last quarter.

Shares of NYSE:WU opened at $18.73 on Friday. The Western Union Company has a twelve month low of $18.38 and a twelve month high of $22.21. The company has a market cap of $8.63 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 2.44 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -7.38.

The Western Union (NYSE:WU) last announced its earnings results on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The Western Union had a negative net margin of 8.05% and a negative return on equity of 560.31%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The Western Union’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts forecast that The Western Union Company will post 1.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.19 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.76 annualized dividend and a yield of 4.06%. The Western Union’s dividend payout ratio (DPR) is 42.22%.

Several analysts recently weighed in on the company. ValuEngine downgraded The Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded The Western Union from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Saturday, July 7th. Wolfe Research assumed coverage on The Western Union in a research note on Tuesday, July 17th. They set an “underperform” rating for the company. Finally, Royal Bank of Canada restated a “hold” rating and set a $21.00 target price on shares of The Western Union in a research note on Friday, August 3rd. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.93.

In other The Western Union news, EVP Richard L. Williams sold 20,207 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $20.50, for a total value of $414,243.50. Following the completion of the transaction, the executive vice president now owns 100,582 shares of the company’s stock, valued at approximately $2,061,931. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sheri Rhodes sold 4,417 shares of the company’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $21.00, for a total value of $92,757.00. Following the completion of the transaction, the executive vice president now directly owns 55,824 shares of the company’s stock, valued at approximately $1,172,304. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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