BlackRock Inc. reduced its position in shares of Western Union Company (The) (NYSE:WU) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,155,810 shares of the credit services provider’s stock after selling 3,336,451 shares during the period. BlackRock Inc. owned approximately 6.61% of Western Union Company (The) worth $593,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in shares of Western Union Company (The) by 15.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider’s stock valued at $6,234,000 after purchasing an additional 44,443 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Western Union Company (The) by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 1,064,100 shares of the credit services provider’s stock valued at $20,271,000 after purchasing an additional 14,830 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Western Union Company (The) by 10.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 303,283 shares of the credit services provider’s stock valued at $5,777,000 after purchasing an additional 28,308 shares in the last quarter. Profund Advisors LLC grew its position in shares of Western Union Company (The) by 4.3% during the 1st quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider’s stock valued at $321,000 after purchasing an additional 654 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Western Union Company (The) by 3.6% during the 2nd quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock valued at $138,372,000 after purchasing an additional 253,100 shares in the last quarter.

WU has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. ValuEngine downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Mizuho initiated coverage on shares of Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective for the company. Finally, Barclays PLC lifted their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.56.

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Shares of Western Union Company (NYSE WU) opened at 18.99 on Friday. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The firm has a 50-day moving average of $19.06 and a 200 day moving average of $19.35. The company has a market capitalization of $8.81 billion, a P/E ratio of 48.82 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the company posted $0.44 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Western Union Company will post $1.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid 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 payout ratio is currently 179.49%.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company 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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