Greatmark Investment Partners Inc. reduced its position in Western Union Company (The) (NYSE:WU) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,415 shares of the credit services provider’s stock after selling 8,700 shares during the period. Greatmark Investment Partners Inc.’s holdings in Western Union Company (The) were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. increased its position in shares of Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after buying an additional 288 shares in the last quarter. Financial Architects Inc increased its stake in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after buying an additional 144 shares during the period. IFP Advisors Inc increased its stake in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the period. Pacer Advisors Inc. increased its stake in Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after buying an additional 224 shares during the period. Finally, Van ECK Associates Corp increased its stake in Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock worth $153,000 after buying an additional 477 shares during the period.

Western Union Company (NYSE WU) opened at 19.38 on Tuesday. The firm has a market cap of $9.13 billion, a PE ratio of 42.04 and a beta of 1.19. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The stock has a 50 day moving average of $19.09 and a 200 day moving average of $19.60.

Western Union Company (The) (NYSE:WU) last released its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. Western Union Company (The)’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities research analysts anticipate that Western Union Company will post $1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.61%. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

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A number of equities research analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target for the company. Barclays PLC boosted their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price target on shares of Western Union Company (The) in a research note on Thursday, April 13th. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.29.

Western Union Company (The) Company 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.

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

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