Strs Ohio increased its stake in shares of Western Union Company (The) (NYSE:WU) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,750 shares of the credit services provider’s stock after buying an additional 466 shares during the period. Strs Ohio’s holdings in Western Union Company (The) were worth $395,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions 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 valued at $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 valued at $132,000 after buying an additional 144 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 valued at $152,000 after buying an additional 224 shares in the last quarter. 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 valued at $153,000 after buying an additional 477 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Western Union Company (The) during the first quarter valued at about $154,000.

Shares of Western Union Company (WU) opened at 18.93 on Thursday. The stock has a market capitalization of $8.78 billion, a P/E ratio of 48.66 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 stock’s 50 day moving average price is $19.18 and its 200-day moving average price is $19.47.

Western Union Company (The) (NYSE:WU) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Western Union Company will post $1.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.175 per share. 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 dividend payout ratio is currently 179.49%.

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WU has been the subject of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Mizuho initiated coverage on 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. Finally, Barclays PLC increased their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Western Union Company (The) presently has a consensus rating of “Hold” and a consensus target price of $20.56.

In other Western Union Company (The) 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 shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following the transaction, the executive vice president now owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is 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.

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

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