TD Asset Management Inc. cut its stake in shares of Western Union Company (The) (NYSE:WU) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,629 shares of the credit services provider’s stock after selling 20,042 shares during the period. TD Asset Management Inc.’s holdings in Western Union Company (The) were worth $3,746,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WU. Vanguard Group Inc. increased its position in Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock valued at $1,035,417,000 after buying an additional 795,312 shares during the last quarter. FMR LLC increased its position in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock valued at $832,474,000 after buying an additional 326,222 shares during the last quarter. BlackRock Inc. increased its position in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp increased its position in Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Clarkston Capital Partners LLC increased its position in Western Union Company (The) by 12.6% in the second quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock valued at $161,405,000 after buying an additional 950,840 shares during the last quarter.

Shares of Western Union Company (WU) opened at 18.88 on Monday. The firm has a market cap of $8.76 billion, a PE ratio of 48.53 and a beta of 1.19. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The stock’s 50 day moving average price is $19.17 and its 200 day moving average price is $19.49.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 3.50% and a return on equity of 92.41%. Western Union Company (The)’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts predict that Western Union Company will post $1.77 EPS for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Western Union Company (The) (WU) Shares Sold by TD Asset Management Inc.” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/21/western-union-company-the-wu-shares-sold-by-td-asset-management-inc.html.

A number of brokerages have commented on WU. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. BidaskClub cut Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, May 2nd. Barclays PLC increased their target price on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Finally, Mizuho began coverage on Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price on the stock. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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)

Receive News & Stock Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related stocks with our FREE daily email newsletter.