Candriam Luxembourg S.C.A. raised its position in shares of Western Union Company (The) (NYSE:WU) by 15.4% during the second quarter, Holdings Channel reports. The fund owned 76,999 shares of the credit services provider’s stock after buying an additional 10,259 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Western Union Company (The) were worth $1,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WU. Vanguard Group Inc. boosted its stake in Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock worth $1,035,417,000 after buying an additional 795,312 shares during the last quarter. FMR LLC boosted its stake in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock worth $832,474,000 after buying an additional 326,222 shares during the last quarter. BlackRock Inc. boosted its stake in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp boosted its stake in Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock worth $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in Western Union Company (The) by 12.6% in the second quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock worth $161,405,000 after buying an additional 950,840 shares during the last quarter.

Western Union Company (WU) opened at 18.90 on Friday. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 48.59 and a beta of 1.19. Western Union Company has a 52-week low of $18.42 and a 52-week high of $22.70. The firm has a 50-day moving average of $19.15 and a 200-day moving average of $19.52.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. The firm had revenue of $1.38 billion for 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%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, equities research analysts forecast that Western Union Company will post $1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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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A number of analysts recently weighed in on WU shares. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Zacks Investment Research raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, May 2nd. Barclays PLC upped 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 note on Friday, August 4th. Finally, Mizuho initiated 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 price target on the stock. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Western Union Company (The) has a consensus rating of “Hold” and a consensus target price of $20.27.

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

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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