Catalyst Capital Advisors LLC cut its position in Western Union Company (The) (NYSE:WU) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,724 shares of the credit services provider’s stock after selling 1,018 shares during the period. Catalyst Capital Advisors LLC’s holdings in Western Union Company (The) were worth $3,671,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WU. Retirement Systems of Alabama raised its stake in Western Union Company (The) by 1.2% in the first quarter. Retirement Systems of Alabama now owns 232,458 shares of the credit services provider’s stock worth $4,731,000 after buying an additional 2,650 shares during the period. State of Alaska Department of Revenue increased its position in Western Union Company (The) by 17.2% in the first quarter. State of Alaska Department of Revenue now owns 46,966 shares of the credit services provider’s stock worth $955,000 after buying an additional 6,886 shares in the last quarter. Ledyard National Bank purchased a new position in Western Union Company (The) during the first quarter worth approximately $499,000. Granite Investment Advisors LLC increased its position 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 worth $6,046,000 after buying an additional 33,058 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position 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 worth $2,572,000 after buying an additional 12,310 shares in the last quarter.

Western Union Company (WU) opened at 18.90 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of 48.59 and a beta of 1.19. Western Union Company has a one year low of $18.42 and a one year high of $22.70. The firm’s 50-day moving average price is $19.15 and its 200 day moving average price is $19.52.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Western Union Company will post $1.77 EPS for the current 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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.70%. 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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WU has been the topic of a number of research reports. Zacks Investment Research upgraded Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 2nd. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. 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. Finally, Barclays PLC increased their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Western Union Company (The) presently has a consensus rating of “Hold” and an average target price 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 sale, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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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