Century Capital Management LLC maintained its position in shares of Western Union Company (The) (NYSE:WU) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,063 shares of the credit services provider’s stock at the close of the 2nd quarter. Century Capital Management LLC’s holdings in Western Union Company (The) were worth $2,935,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Western Union Company (The) by 3,333.4% in the 1st quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after purchasing an additional 33,487,639 shares during the period. Bank of Montreal Can raised its position in Western Union Company (The) by 162.0% in the 2nd quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after purchasing an additional 1,834,328 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Western Union Company (The) in the 1st quarter worth $30,448,000. Marshall Wace North America L.P. purchased a new position in Western Union Company (The) in the 1st quarter worth $30,448,000. Finally, WINTON GROUP Ltd raised its position in Western Union Company (The) by 50.0% in the 1st quarter. WINTON GROUP Ltd now owns 3,102,575 shares of the credit services provider’s stock worth $64,596,000 after purchasing an additional 1,033,694 shares during the period.

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WU has been the topic of a number of analyst reports. ValuEngine cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Mizuho initiated coverage on shares of Western Union Company (The) in a report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price target on the stock. Finally, Barclays PLC raised their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Four investment 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. The company presently has a consensus rating of “Hold” and an average price target of $20.56.

Shares of Western Union Company (NYSE:WU) traded up 0.81% during midday trading on Friday, reaching $18.69. 3,118,970 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $19.15 and its 200-day moving average is $19.40. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70. The stock has a market cap of $8.67 billion, a PE ratio of 48.05 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last announced its earnings results 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. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts expect that Western Union Company will post $1.77 EPS for the current year.

The company also recently announced 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. This represents a $0.70 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

In other news, EVP John David Thompson sold 23,500 shares of the 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 sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

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

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