Robeco Institutional Asset Management B.V. raised its position in Western Union Company (The) (NYSE:WU) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,283 shares of the credit services provider’s stock after buying an additional 28,308 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Western Union Company (The) worth $5,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of Western Union Company (The) by 17.8% in the first quarter. Suntrust Banks Inc. now owns 118,191 shares of the credit services provider’s stock worth $2,403,000 after buying an additional 17,879 shares during the period. Profund Advisors LLC raised its position in shares of Western Union Company (The) by 4.3% in the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider’s stock worth $321,000 after buying an additional 654 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Western Union Company (The) by 3.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,492,020 shares of the credit services provider’s stock worth $30,363,000 after buying an additional 43,672 shares during the period. Geode Capital Management LLC raised its position in shares of Western Union Company (The) by 7.8% in the first quarter. Geode Capital Management LLC now owns 5,286,962 shares of the credit services provider’s stock worth $107,454,000 after buying an additional 384,592 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Western Union Company (The) by 55.3% in the first quarter. Toronto Dominion Bank now owns 129,875 shares of the credit services provider’s stock worth $2,642,000 after buying an additional 46,243 shares during the period.

Western Union Company (NYSE:WU) opened at 18.79 on Friday. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 48.30 and a beta of 1.21. The firm’s 50-day moving average price is $19.20 and its 200 day moving average price is $19.43.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data 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 firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $0.44 EPS. On average, analysts predict that Western Union Company will post $1.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.73%. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

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WU has been the subject of a number of recent research reports. Barclays PLC upped their target price on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. 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 target price for the company. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Western Union Company (The) has an average 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 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 completion of the transaction, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Western Union Company (The) Company Profile

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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