Wells Fargo & Company MN boosted its holdings in The Western Union Company (NYSE:WU) by 21.7% during the first quarter, Holdings Channel reports. The fund owned 2,353,865 shares of the credit services provider’s stock after acquiring an additional 420,023 shares during the period. Wells Fargo & Company MN’s holdings in The Western Union were worth $43,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Somerset Trust Co acquired a new stake in shares of The Western Union in the first quarter valued at approximately $26,000. Ffcm LLC increased its stake in shares of The Western Union by 50.0% in the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 565 shares during the period. Investors Research Corp acquired a new stake in shares of The Western Union in the first quarter valued at approximately $50,000. Rational Advisors LLC increased its stake in shares of The Western Union by 347.4% in the fourth quarter. Rational Advisors LLC now owns 3,011 shares of the credit services provider’s stock valued at $51,000 after purchasing an additional 2,338 shares during the period. Finally, Close Asset Management Ltd increased its stake in shares of The Western Union by 79.6% in the first quarter. Close Asset Management Ltd now owns 3,488 shares of the credit services provider’s stock valued at $64,000 after purchasing an additional 1,546 shares during the period.

Shares of NYSE WU traded up $0.20 during mid-day trading on Wednesday, reaching $20.09. 107,834 shares of the company traded hands, compared to its average volume of 5,945,021. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $21.37. The firm has a market capitalization of $8.68 billion, a PE ratio of 10.47, a P/E/G ratio of 3.31 and a beta of 0.85.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The Western Union’s revenue was down 3.8% compared to the same quarter last year. Analysts forecast that The Western Union Company will post 1.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.98%. The Western Union’s dividend payout ratio is presently 41.67%.

WU has been the topic of a number of research analyst reports. Northcoast Research lowered shares of The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Finally, ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $20.00.

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The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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