Voya Investment Management LLC grew its stake in Western Union Company (The) (NYSE:WU) by 58.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900,901 shares of the credit services provider’s stock after purchasing an additional 332,009 shares during the quarter. Voya Investment Management LLC owned about 0.19% of Western Union Company (The) worth $17,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Western Union Company (The) by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,064,100 shares of the credit services provider’s stock worth $20,271,000 after acquiring an additional 14,830 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Western Union Company (The) by 15.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider’s stock valued at $6,234,000 after purchasing an additional 44,443 shares during the period. LSV Asset Management lifted its stake in shares of Western Union Company (The) by 3.6% in the 2nd quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock valued at $138,372,000 after purchasing an additional 253,100 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Western Union Company (The) by 10.3% in the 2nd 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 purchasing an additional 28,308 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of Western Union Company (The) in the 2nd quarter valued at approximately $4,541,000.

Western Union Company (WU) opened at 19.38 on Wednesday. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The company has a market capitalization of $8.99 billion, a P/E ratio of 49.82 and a beta of 1.20. The stock’s 50 day moving average price is $18.98 and its 200 day moving average price is $19.28.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities analysts anticipate that Western Union Company will post $1.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.61%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

In other news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $472,820.00. Following the transaction, 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 this hyperlink. 1.10% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on WU. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Mizuho started coverage on Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective for the company. Barclays PLC raised their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday. Finally, BidaskClub cut shares of 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, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.56.

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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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