Western Union Co. (NYSE:WU) shares saw unusually-high trading volume on Wednesday . Approximately 3,415,713 shares changed hands during trading, a decline of 2% from the previous session’s volume of 3,470,195 shares.The stock last traded at $21.59 and had previously closed at $21.37.

WU has been the topic of several recent research reports. Zacks Investment Research lowered shares of Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Morgan Stanley reiterated an “underweight” rating and set a $17.00 target price on shares of Western Union in a research report on Tuesday. Vetr upgraded shares of Western Union from a “strong sell” rating to a “hold” rating and set a $19.20 target price on the stock in a research report on Thursday, July 7th. Barclays PLC lowered shares of Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a research report on Thursday, July 7th. Finally, Jefferies Group lifted their target price on shares of Western Union from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.91.

The firm has a market capitalization of $10.46 billion and a price-to-earnings ratio of 12.90. The firm has a 50 day moving average price of $20.35 and a 200-day moving average price of $19.43.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. During the same quarter last year, the business earned $0.41 EPS. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that Western Union Co. will post $1.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.99%.

In other Western Union news, Director Betsy D. Holden sold 21,281 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now owns 93,826 shares in the company, valued at approximately $1,972,222.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Western Union by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 765,462 shares of the company’s stock valued at $13,709,000 after buying an additional 7,815 shares during the last quarter. Victory Capital Management Inc. raised its position in Western Union by 27.9% in the fourth quarter. Victory Capital Management Inc. now owns 107,977 shares of the company’s stock valued at $1,934,000 after buying an additional 23,539 shares during the last quarter. State of Tennessee Treasury Department raised its position in Western Union by 32.2% in the fourth quarter. State of Tennessee Treasury Department now owns 293,689 shares of the company’s stock valued at $5,260,000 after buying an additional 71,479 shares during the last quarter. KBC Group NV raised its position in Western Union by 23.3% in the fourth quarter. KBC Group NV now owns 384,432 shares of the company’s stock valued at $6,885,000 after buying an additional 72,769 shares during the last quarter. Finally, Morgan Stanley raised its position in Western Union by 13.6% in the fourth quarter. Morgan Stanley now owns 980,636 shares of the company’s stock valued at $17,563,000 after buying an additional 117,688 shares during the last quarter.

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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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