Janney Montgomery Scott LLC lowered its stake in Western Union Company (The) (NYSE:WU) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 70,630 shares of the credit services provider’s stock after selling 474 shares during the period. Janney Montgomery Scott LLC’s holdings in Western Union Company (The) were worth $1,346,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Whittier Trust Co. increased its position in 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 during the last quarter. Financial Architects Inc increased its position 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 last quarter. Pacer Advisors Inc. increased its position 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 last quarter. Van ECK Associates Corp increased its position 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 last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Western Union Company (The) during the first quarter worth approximately $154,000.

Shares of Western Union Company (NYSE:WU) opened at 18.91 on Friday. The company has a 50 day moving average price of $19.14 and a 200-day moving average price of $19.53. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70. The firm has a market capitalization of $8.77 billion, a PE ratio of 48.61 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 92.41% and a net margin of 3.50%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. Equities research analysts expect that Western Union Company will post $1.76 EPS for the current fiscal year.

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

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WU has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price objective on shares of Western Union Company (The) in a report on Thursday, April 13th. Mizuho initiated coverage on Western Union Company (The) in a report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective on the stock. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. Finally, BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the transaction, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.

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

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