NJ State Employees Deferred Compensation Plan held its stake in Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the credit services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Western Union Company (The) were worth $762,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Granite Investment Advisors LLC raised its stake in Western Union Company (The) by 12.5% in the first quarter. Granite Investment Advisors LLC now owns 297,112 shares of the credit services provider’s stock valued at $6,046,000 after buying an additional 33,058 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Western Union Company (The) by 10.8% in the first quarter. Nisa Investment Advisors LLC now owns 126,411 shares of the credit services provider’s stock valued at $2,572,000 after buying an additional 12,310 shares in the last quarter. Coastline Trust Co raised its stake in Western Union Company (The) by 3.4% in the first quarter. Coastline Trust Co now owns 24,813 shares of the credit services provider’s stock valued at $505,000 after buying an additional 805 shares in the last quarter. DnB Asset Management AS raised its stake in Western Union Company (The) by 9.1% in the first quarter. DnB Asset Management AS now owns 54,899 shares of the credit services provider’s stock valued at $1,117,000 after buying an additional 4,600 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in Western Union Company (The) by 16.4% in the first quarter. Telemus Capital LLC now owns 29,786 shares of the credit services provider’s stock valued at $606,000 after buying an additional 4,197 shares in the last quarter.

Western Union Company (NYSE WU) opened at 19.72 on Monday. The firm’s 50-day moving average price is $19.09 and its 200-day moving average price is $19.60. Western Union Company has a 52 week low of $18.42 and a 52 week high of $22.70. The stock has a market cap of $9.29 billion, a PE ratio of 42.78 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last announced its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The business 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 84.38% and a net margin of 3.50%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. Equities analysts predict that Western Union Company will post $1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 annualized dividend and a yield of 3.55%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, May 2nd. Barclays PLC lifted their price target on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price target on shares of Western Union Company (The) in a research report on Thursday, April 13th. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.29.

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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