First Trust Advisors LP lowered its position in shares of The Western Union Company (NYSE:WU) by 54.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576,353 shares of the credit services provider’s stock after selling 675,610 shares during the period. First Trust Advisors LP’s holdings in The Western Union were worth $10,449,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WU. Norges Bank acquired a new position in shares of The Western Union during the fourth quarter worth $134,748,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of The Western Union by 172.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,689,605 shares of the credit services provider’s stock valued at $152,371,000 after buying an additional 3,603,592 shares during the last quarter. State Street Corp raised its holdings in shares of The Western Union by 14.9% in the fourth quarter. State Street Corp now owns 25,235,780 shares of the credit services provider’s stock valued at $675,814,000 after buying an additional 3,267,484 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of The Western Union by 688.8% in the fourth quarter. Janus Henderson Group PLC now owns 2,908,619 shares of the credit services provider’s stock valued at $77,893,000 after buying an additional 2,539,891 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of The Western Union in the first quarter valued at about $39,589,000.

Shares of NYSE WU opened at $18.89 on Friday. The Western Union Company has a 1 year low of $17.39 and a 1 year high of $28.44. The firm’s 50 day moving average price is $19.12 and its 200 day moving average price is $24.02. The firm has a market cap of $7.84 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. The Western Union had a net margin of 20.64% and a negative return on equity of 1,692.22%. The Western Union’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. Analysts anticipate that The Western Union Company will post 1.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, June 15th. The Western Union’s dividend payout ratio is presently 52.02%.

A number of equities research analysts have recently commented on WU shares. Keefe, Bruyette & Woods upped their target price on shares of The Western Union from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Northland Securities cut their price target on shares of The Western Union from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Monday, March 30th. Citigroup cut their price target on shares of The Western Union from $23.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, March 26th. SunTrust Banks cut their price target on shares of The Western Union from $27.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Finally, Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating and set a $21.00 price target for the company. in a report on Monday, May 4th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.71.

The Western Union 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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