Stephens Inc. AR Has $818,000 Position in Western Union Company (The) (WU)

Stephens Inc. AR increased its holdings in Western Union Company (The) (NYSE:WU) by 7.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 42,946 shares of the credit services provider’s stock after acquiring an additional 3,067 shares during the period. Stephens Inc. AR’s holdings in Western Union Company (The) were worth $818,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Profund Advisors LLC lifted its stake in Western Union Company (The) by 4.3% during the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 654 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Western Union Company (The) by 14.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,008 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 1,357 shares in the last quarter. Karp Capital Management Corp acquired a new position in Western Union Company (The) during the first quarter worth $4,479,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Western Union Company (The) by 28.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,673 shares of the credit services provider’s stock worth $726,000 after purchasing an additional 7,879 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Western Union Company (The) by 12.5% during the first quarter. Mutual of America Capital Management LLC now owns 60,723 shares of the credit services provider’s stock worth $1,236,000 after purchasing an additional 6,757 shares in the last quarter.

A number of research analysts have commented on WU shares. BidaskClub cut Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. ValuEngine cut Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC upped their price target on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Mizuho started coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.56.

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

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Shares of Western Union Company (WU) opened at 18.91 on Monday. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70. The stock has a 50 day moving average price of $19.10 and a 200 day moving average price of $19.37. The firm has a market capitalization of $8.77 billion, a PE ratio of 48.61 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 3.70%. Western Union Company (The)’s dividend payout ratio (DPR) is 179.49%.

Western Union Company (The) 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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