New York State Common Retirement Fund decreased its position in shares of Western Union Company (The) (NYSE:WU) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,325,960 shares of the credit services provider’s stock after selling 13,001 shares during the period. New York State Common Retirement Fund owned 0.28% of Western Union Company (The) worth $25,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in Western Union Company (The) by 1.4% during the second quarter. Prudential Financial Inc. now owns 1,064,100 shares of the credit services provider’s stock valued at $20,271,000 after buying an additional 14,830 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Western Union Company (The) by 15.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider’s stock valued at $6,234,000 after buying an additional 44,443 shares in the last quarter. LSV Asset Management raised its holdings in Western Union Company (The) by 3.6% during the second quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock valued at $138,372,000 after buying an additional 253,100 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Western Union Company (The) by 10.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 303,283 shares of the credit services provider’s stock valued at $5,777,000 after buying an additional 28,308 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Western Union Company (The) by 7.8% during the first quarter. Geode Capital Management LLC now owns 5,286,962 shares of the credit services provider’s stock valued at $107,454,000 after buying an additional 384,592 shares in the last quarter.

Several research firms have weighed in on WU. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Barclays PLC raised 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. 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. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.56.

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Western Union Company (NYSE WU) opened at 19.00 on Thursday. The stock has a 50 day moving average price of $19.06 and a 200-day moving average price of $19.35. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 48.84 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $0.44 EPS. Western Union Company (The)’s revenue was up .2% on a year-over-year basis. Equities analysts predict that Western Union Company will post $1.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.74%. Western Union Company (The)’s dividend payout ratio (DPR) is currently 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction dated 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 approximately $2,608,558. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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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