Meiji Yasuda Asset Management Co Ltd. bought a new stake in Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,307 shares of the credit services provider’s stock, valued at approximately $444,000.

A number of other hedge funds have also bought and sold shares of WU. Vanguard Group Inc. boosted its stake in shares of 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 worth $1,035,417,000 after buying an additional 795,312 shares during the last quarter. FMR LLC boosted its stake in shares of 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 worth $832,474,000 after buying an additional 326,222 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 worth $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp boosted its stake in shares of 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 worth $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in shares of 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 worth $161,405,000 after buying an additional 950,840 shares during the last quarter.

Western Union Company (WU) opened at 19.07 on Wednesday. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70. The company’s 50-day moving average is $19.18 and its 200 day moving average is $19.47. The firm has a market capitalization of $8.85 billion, a PE ratio of 49.02 and a beta of 1.19.

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, topping the consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion during 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities analysts expect that Western Union Company will post $1.77 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 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 dividend yield of 3.67%. Western Union Company (The)’s payout ratio is 179.49%.

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WU has been the subject of a number of analyst reports. TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. BidaskClub cut 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 objective for the company in a research note on Tuesday, May 2nd. Barclays PLC boosted their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Finally, Mizuho initiated coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average 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 firm’s stock in a transaction dated 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 owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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