Wells Fargo & Company MN Trims Stake in Western Union Company (The) (WU)

Wells Fargo & Company MN reduced its position in Western Union Company (The) (NYSE:WU) by 22.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,071,053 shares of the credit services provider’s stock after selling 911,465 shares during the period. Wells Fargo & Company MN owned 0.65% of Western Union Company (The) worth $58,503,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WU. Fiduciary Trust Co. purchased a new stake in shares of Western Union Company (The) in the 2nd quarter valued at about $121,000. Financial Architects Inc lifted its holdings in shares of Western Union Company (The) by 2.1% in the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Western Union Company (The) by 3.1% in the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 239 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Western Union Company (The) by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 224 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Western Union Company (The) by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 477 shares during the last quarter.

Several analysts have recently weighed in on WU shares. Barclays PLC boosted 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 research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective for the company. ValuEngine downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Western Union Company (The) 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 18.91 on Friday. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70. The firm’s 50-day moving average price is $19.10 and its 200 day moving average price is $19.37. The firm has a market cap of $8.77 billion, a PE ratio of 48.61 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 Zacks’ consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion for 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 business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities 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 will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.70%. Western Union Company (The)’s payout ratio is 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the business’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 sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

About Western Union Company (The)

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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