Virtu KCG Holdings LLC grew its holdings in shares of Western Union Company (The) (NYSE:WU) by 24.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,159 shares of the credit services provider’s stock after purchasing an additional 6,414 shares during the period. Virtu KCG Holdings LLC’s holdings in Western Union Company (The) were worth $632,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Prudential Financial Inc. grew its position in shares of Western Union Company (The) by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 1,064,100 shares of the credit services provider’s stock worth $20,271,000 after purchasing an additional 14,830 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Western Union Company (The) by 15.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider’s stock worth $6,234,000 after purchasing an additional 44,443 shares in the last quarter. LSV Asset Management grew its position in shares of Western Union Company (The) by 3.6% during the 2nd quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock worth $138,372,000 after purchasing an additional 253,100 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Western Union Company (The) by 10.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 303,283 shares of the credit services provider’s stock worth $5,777,000 after purchasing an additional 28,308 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Western Union Company (The) during the 2nd quarter worth approximately $4,541,000.

Shares of Western Union Company (NYSE WU) opened at 19.52 on Friday. The company’s 50 day moving average is $19.01 and its 200 day moving average is $19.28. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 50.18 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates 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 was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Analysts anticipate that Western Union Company will post $1.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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A number of research analysts have issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set 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. Barclays PLC increased their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock 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 research report on Monday, October 2nd. Zacks Investment Research lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Mizuho assumed coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Western Union Company (The) presently has a consensus rating of “Hold” and an average target price of $20.38.

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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