People s United Financial Inc. decreased its holdings in shares of Western Union Company (The) (NYSE:WU) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,661 shares of the credit services provider’s stock after selling 321 shares during the quarter. People s United Financial Inc.’s holdings in Western Union Company (The) were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Trust Co. purchased a new position in shares of Western Union Company (The) during the second quarter worth about $121,000. Financial Architects Inc grew its holdings in shares of Western Union Company (The) by 2.1% during the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 144 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Western Union Company (The) by 3.1% during the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 224 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Western Union Company (The) by 6.8% during the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock worth $153,000 after purchasing an additional 477 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Western Union Company (The) during the first quarter worth about $154,000.

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In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Shares of Western Union Company (WU) opened at 19.52 on Friday. The firm has a 50-day moving average price of $19.01 and a 200 day moving average price of $19.28. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70. The stock 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 released its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. On average, analysts forecast that Western Union Company will post $1.77 EPS for the current fiscal year.

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

Several research analysts have recently commented on WU shares. Barclays PLC boosted their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Mizuho started coverage on Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective for the company. Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine raised Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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