Texas Permanent School Fund cut its position in shares of Western Union Company (The) (NYSE:WU) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,408 shares of the credit services provider’s stock after selling 8,104 shares during the period. Texas Permanent School Fund’s holdings in Western Union Company (The) were worth $2,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WU. Whittier Trust Co. raised its position in Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after buying an additional 288 shares in the last quarter. Financial Architects Inc raised its position in Western Union Company (The) by 96.2% in the first quarter. Financial Architects Inc now owns 6,807 shares of the credit services provider’s stock worth $139,000 after buying an additional 3,338 shares in the last quarter. Pacer Advisors Inc. raised its position in 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 worth $152,000 after buying an additional 224 shares in the last quarter. Van ECK Associates Corp raised its position in Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock worth $153,000 after buying an additional 477 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Western Union Company (The) during the first quarter worth approximately $154,000.

Western Union Company (NYSE WU) traded down 0.63% during mid-day trading on Friday, reaching $18.88. 3,946,906 shares of the company were exchanged. The stock has a market capitalization of $8.76 billion, a P/E ratio of 48.53 and a beta of 1.19. The company’s 50 day moving average price is $19.17 and its 200-day moving average price is $19.49. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. On average, equities analysts expect that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.71%. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

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A number of research analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Barclays PLC lifted their price objective on shares of 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. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, May 2nd. Finally, TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Western Union Company (The) presently has a consensus rating of “Hold” and a consensus price target of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the transaction, the executive vice president now owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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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