Rational Advisors LLC lowered its position in shares of Western Union Company (The) (NYSE:WU) by 79.1% during the second quarter, Holdings Channel reports. The fund owned 14,000 shares of the credit services provider’s stock after selling 53,000 shares during the period. Rational Advisors LLC’s holdings in Western Union Company (The) were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WU. Whittier Trust Co. increased its stake in shares of Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after buying an additional 288 shares in the last quarter. Financial Architects Inc increased its stake in shares of Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after buying an additional 144 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after buying an additional 224 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock worth $153,000 after buying an additional 477 shares in the last quarter.

Shares of Western Union Company (NYSE WU) opened at 19.14 on Tuesday. The company has a market capitalization of $8.88 billion, a PE ratio of 49.20 and a beta of 1.19. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70. The company’s 50-day moving average price is $19.15 and its 200-day moving average price is $19.51.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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A number of brokerages recently weighed in on WU. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Mizuho began coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price target on the stock. Barclays PLC increased 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. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.27.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the business’s 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 transaction, 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 legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by 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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