Toronto Dominion Bank lifted its position in The Western Union Company (NYSE:WU) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,036 shares of the credit services provider’s stock after acquiring an additional 48,454 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of The Western Union worth $6,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackay Shields LLC increased its position in shares of The Western Union by 17.2% during the second quarter. Mackay Shields LLC now owns 1,235,785 shares of the credit services provider’s stock valued at $25,124,000 after buying an additional 181,187 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Western Union by 145.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 431,725 shares of the credit services provider’s stock valued at $8,777,000 after buying an additional 255,734 shares during the period. Dean Capital Investments Management LLC bought a new stake in shares of The Western Union during the second quarter valued at about $569,000. Robeco Institutional Asset Management B.V. increased its position in shares of The Western Union by 64.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,183,543 shares of the credit services provider’s stock valued at $24,060,000 after buying an additional 463,157 shares during the period. Finally, Sei Investments Co. increased its position in shares of The Western Union by 67.3% during the second quarter. Sei Investments Co. now owns 549,226 shares of the credit services provider’s stock valued at $11,166,000 after buying an additional 221,005 shares during the period.

In other The Western Union news, EVP Sheri Rhodes sold 4,417 shares of the stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $21.00, for a total transaction of $92,757.00. Following the transaction, the executive vice president now directly owns 55,824 shares in the company, valued at $1,172,304. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard L. Williams sold 20,207 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $20.50, for a total transaction of $414,243.50. Following the transaction, the executive vice president now owns 100,582 shares in the company, valued at $2,061,931. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,632 shares of company stock worth $2,208,169. 1.10% of the stock is owned by company insiders.

WU stock opened at $18.82 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -7.38. The company has a market capitalization of $8.45 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.38 and a beta of 1.00. The Western Union Company has a 1-year low of $18.38 and a 1-year high of $22.21.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative return on equity of 560.31% and a negative net margin of 8.05%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. sell-side analysts predict that The Western Union Company will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, September 13th. The Western Union’s dividend payout ratio (DPR) is 42.22%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. ValuEngine cut The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Royal Bank of Canada restated a “hold” rating and issued a $21.00 price objective on shares of The Western Union in a research report on Friday, August 3rd. Finally, Wolfe Research started coverage on shares of The Western Union in a research report on Tuesday, July 17th. They issued an “underperform” rating on the stock. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The Western Union has an average rating of “Hold” and a consensus target price of $18.93.

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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