Oppenheimer Asset Management Inc. raised its stake in shares of Western Union Company (The) (NYSE:WU) by 15.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 327,285 shares of the credit services provider’s stock after buying an additional 44,443 shares during the period. Oppenheimer Asset Management Inc. owned 0.07% of Western Union Company (The) worth $6,234,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WU. Suntrust Banks Inc. boosted its position in shares of Western Union Company (The) by 17.8% in the first quarter. Suntrust Banks Inc. now owns 118,191 shares of the credit services provider’s stock valued at $2,403,000 after buying an additional 17,879 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Western Union Company (The) by 4.3% in the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider’s stock valued at $321,000 after buying an additional 654 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Western Union Company (The) by 3.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,492,020 shares of the credit services provider’s stock valued at $30,363,000 after buying an additional 43,672 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Western Union Company (The) by 7.8% in the first quarter. Geode Capital Management LLC now owns 5,286,962 shares of the credit services provider’s stock valued at $107,454,000 after buying an additional 384,592 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Western Union Company (The) by 55.3% in the first quarter. Toronto Dominion Bank now owns 129,875 shares of the credit services provider’s stock valued at $2,642,000 after buying an additional 46,243 shares during the last quarter.

Western Union Company (WU) opened at 18.79 on Friday. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 48.30 and a beta of 1.21. The company has a 50-day moving average of $19.20 and a 200-day moving average of $19.43. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70.

Western Union Company (The) (NYSE:WU) last announced its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts anticipate that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The company 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 $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.73%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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Several equities analysts recently weighed in on WU shares. Barclays PLC raised their price target on shares of 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. Mizuho started coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.56.

In other news, EVP John David Thompson sold 23,500 shares of the stock in a transaction on Friday, August 4th. The shares were 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 directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.

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

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