Flippin Bruce & Porter Inc. increased its stake in shares of Western Union Company (The) (NYSE:WU) by 1.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 352,791 shares of the credit services provider’s stock after buying an additional 3,750 shares during the period. Flippin Bruce & Porter Inc. owned 0.07% of Western Union Company (The) worth $6,721,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WU. Financial Architects Inc boosted its position 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 during the period. Loudon Investment Management LLC boosted its position in shares of Western Union Company (The) by 1.4% in the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock valued at $213,000 after buying an additional 150 shares during the period. Pacer Advisors Inc. boosted its position 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 during the period. Hanson & Doremus Investment Management boosted its position in shares of Western Union Company (The) by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock valued at $1,430,000 after buying an additional 239 shares during the period. Finally, IFP Advisors Inc boosted its position 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 valued at $149,000 after buying an additional 239 shares during the period.

Shares of Western Union Company (NYSE WU) opened at 19.04 on Tuesday. The company has a market capitalization of $8.83 billion, a PE ratio of 48.95 and a beta of 1.19. Western Union Company has a 52 week low of $18.42 and a 52 week high of $22.70. The company has a 50-day moving average price of $19.18 and a 200-day moving average price of $19.47.

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

The company 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 dividend of $0.175 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.68%. Western Union Company (The)’s payout ratio is presently 179.49%.

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Several brokerages have weighed in on WU. BidaskClub cut Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Stifel Nicolaus restated a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Zacks Investment Research cut Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, Mizuho began coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Western Union Company (The) has a consensus rating of “Hold” and an average price target of $20.56.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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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