Victory Capital Management Inc. lowered its position in Western Union Company (The) (NYSE:WU) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,121 shares of the credit services provider’s stock after selling 627 shares during the quarter. Victory Capital Management Inc.’s holdings in Western Union Company (The) were worth $155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WU. Financial Architects Inc boosted its stake in Western Union Company (The) by 2.1% during 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 period. IFP Advisors Inc boosted its stake in Western Union Company (The) by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the period. Pacer Advisors Inc. boosted its stake in Western Union Company (The) by 3.1% during 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 period. Van ECK Associates Corp boosted its stake in Western Union Company (The) by 6.8% during 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 period. Finally, Point72 Asia Hong Kong Ltd purchased a new position in Western Union Company (The) during the first quarter worth about $154,000.

In other 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 transaction of $472,820.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Several research analysts have weighed in on WU shares. Mizuho started coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price for the company. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Barclays PLC increased their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.56.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/25/victory-capital-management-inc-has-155000-position-in-western-union-company-the-wu.html.

Western Union Company (NYSE:WU) opened at 18.99 on Monday. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The stock has a 50 day moving average of $19.06 and a 200 day moving average of $19.35. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 48.82 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts expect that Western Union Company will post $1.77 earnings per share for the current year.

The company 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 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s 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.

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

Receive News & Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.