Louisiana State Employees Retirement System cut its stake in shares of Western Union Company (The) (NYSE:WU) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 29,200 shares of the credit services provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Western Union Company (The) were worth $556,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. boosted 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 valued at $102,000 after buying an additional 288 shares during the last quarter. Financial Architects Inc boosted its position in shares of Western Union Company (The) by 96.2% in the first quarter. Financial Architects Inc now owns 6,807 shares of the credit services provider’s stock valued at $139,000 after buying an additional 3,338 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of 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 valued at $152,000 after buying an additional 224 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of 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 valued at $153,000 after buying an additional 477 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Western Union Company (The) during the first quarter valued at approximately $154,000.

Western Union Company (WU) traded down 1.45% during midday trading on Thursday, reaching $19.00. 1,212,616 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $19.14 and a 200-day moving average of $19.54. The stock has a market cap of $8.82 billion, a PE ratio of 48.84 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.

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 for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, equities research analysts predict that Western Union Company will post $1.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

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Several brokerages have recently commented on WU. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a research report on Wednesday. Mizuho began coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price for the company. Barclays PLC boosted their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 target price on shares of Western Union Company (The) in a research report on Thursday, April 13th. Finally, Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

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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