PGGM Investments lowered its stake in shares of Western Union Company (The) (NYSE:WU) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,706,597 shares of the credit services provider’s stock after selling 32,650 shares during the period. PGGM Investments owned approximately 0.36% of Western Union Company (The) worth $32,511,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Oxbow Advisors LLC raised its position in Western Union Company (The) by 0.9% in the second quarter. Oxbow Advisors LLC now owns 122,780 shares of the credit services provider’s stock valued at $2,339,000 after buying an additional 1,075 shares during the period. Huntington National Bank raised its position in shares of Western Union Company (The) by 21.1% in the second quarter. Huntington National Bank now owns 10,279 shares of the credit services provider’s stock worth $196,000 after buying an additional 1,789 shares during the period. Financial Architects Inc raised 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 worth $132,000 after buying an additional 144 shares during the period. APG Asset Management N.V. raised its position in shares of Western Union Company (The) by 1.2% in the second quarter. APG Asset Management N.V. now owns 4,452,646 shares of the credit services provider’s stock worth $84,823,000 after buying an additional 51,494 shares during the period. Finally, BB&T Corp raised its position in shares of Western Union Company (The) by 0.7% in the second quarter. BB&T Corp now owns 543,671 shares of the credit services provider’s stock worth $10,357,000 after buying an additional 3,578 shares during the period.

Shares of Western Union Company (NYSE WU) traded down 1.72% during midday trading on Monday, hitting $19.38. The stock had a trading volume of 4,443,305 shares. The stock has a 50-day moving average of $19.09 and a 200 day moving average of $19.60. The stock has a market cap of $9.13 billion, a PE ratio of 42.04 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.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Analysts anticipate that Western Union Company will post $1.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.61%. Western Union Company (The)’s dividend payout ratio is 179.49%.

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A number of equities analysts recently issued reports on the company. 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 report on Friday. 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 price target for the company. BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.29.

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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