Old West Investment Management LLC decreased its stake in shares of Western Union Company (The) (NYSE:WU) by 5.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 44,347 shares of the credit services provider’s stock after selling 2,358 shares during the period. Old West Investment Management LLC’s holdings in Western Union Company (The) were worth $844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Western Union Company (The) during the 2nd quarter worth about $2,692,000. California Public Employees Retirement System lifted its holdings in Western Union Company (The) by 1.1% during the 2nd quarter. California Public Employees Retirement System now owns 1,466,857 shares of the credit services provider’s stock worth $27,944,000 after purchasing an additional 15,500 shares in the last quarter. MML Investors Services LLC lifted its holdings in Western Union Company (The) by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 28,409 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 889 shares in the last quarter. TIAA FSB purchased a new stake in Western Union Company (The) during the 2nd quarter worth about $413,000. Finally, FMR LLC lifted its holdings in Western Union Company (The) by 2.3% during the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after purchasing an additional 926,405 shares in the last quarter.

In related news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was 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 in the company, valued at $2,608,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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A number of analysts recently issued reports on WU shares. Mizuho started coverage on Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective on the stock. ValuEngine cut Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. 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. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Four 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 company. The company has an average rating of “Hold” and an average target price of $20.56.

Shares of Western Union Company (WU) traded down 0.026% during trading on Friday, hitting $18.905. The stock had a trading volume of 559,679 shares. The company has a market cap of $8.77 billion, a PE ratio of 48.599 and a beta of 1.20. Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.70. The stock has a 50 day moving average of $19.06 and a 200 day moving average of $19.35.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data 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. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Western Union Company will post $1.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.69%. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

Western Union Company (The) 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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