Public Employees Retirement Association of Colorado decreased its position in Western Union Company (The) (NYSE:WU) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,196 shares of the credit services provider’s stock after selling 773 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Western Union Company (The) were worth $1,699,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Western Union Company (The) during the first quarter worth about $47,167,000. Bank of Montreal Can increased its position in shares of Western Union Company (The) by 162.0% in the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after buying an additional 1,834,328 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Western Union Company (The) during the first quarter worth about $30,448,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Western Union Company (The) during the first quarter worth about $30,448,000.

Shares of Western Union Company (NYSE WU) opened at 18.90 on Friday. Western Union Company has a 52 week low of $18.42 and a 52 week high of $22.70. The firm has a 50-day moving average price of $19.15 and a 200-day moving average price of $19.52. The stock has a market cap of $8.77 billion, a PE ratio of 48.59 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, analysts forecast that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The company 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. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.70%. Western Union Company (The)’s payout ratio is 179.49%.

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A number of brokerages recently issued reports on WU. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday. Barclays PLC upped their price target on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research raised Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, May 2nd. Finally, TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction that occurred 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 transaction, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company 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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