Empirical Finance LLC Sells 19,507 Shares of The Western Union Company (NYSE:WU)

Empirical Finance LLC decreased its stake in The Western Union Company (NYSE:WU) by 39.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,276 shares of the credit services provider’s stock after selling 19,507 shares during the period. Empirical Finance LLC’s holdings in The Western Union were worth $695,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Xponance Inc. boosted its holdings in The Western Union by 1.6% during the 1st quarter. Xponance Inc. now owns 26,312 shares of the credit services provider’s stock valued at $649,000 after acquiring an additional 403 shares during the period. Elo Mutual Pension Insurance Co raised its position in shares of The Western Union by 1.5% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 29,660 shares of the credit services provider’s stock worth $731,000 after acquiring an additional 438 shares in the last quarter. Advisor Partners LLC grew its stake in shares of The Western Union by 3.1% in the 1st quarter. Advisor Partners LLC now owns 14,934 shares of the credit services provider’s stock worth $368,000 after buying an additional 446 shares during the last quarter. Burney Co. grew its stake in shares of The Western Union by 2.0% in the 2nd quarter. Burney Co. now owns 23,172 shares of the credit services provider’s stock worth $532,000 after buying an additional 456 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of The Western Union by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 36,566 shares of the credit services provider’s stock worth $840,000 after buying an additional 480 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

WU stock opened at $21.07 on Wednesday. The company has a market cap of $8.56 billion, a P/E ratio of 10.75 and a beta of 0.99. The Western Union Company has a 1 year low of $19.07 and a 1 year high of $26.61. The company has a debt-to-equity ratio of 10.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average price is $22.43 and its 200-day moving average price is $23.93.

The Western Union (NYSE:WU) last released its earnings results on Tuesday, August 3rd. The credit services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The Western Union had a net margin of 16.10% and a return on equity of 424.46%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, analysts expect that The Western Union Company will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be given a $0.235 dividend. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.94 dividend on an annualized basis and a yield of 4.46%. The Western Union’s dividend payout ratio is presently 50.27%.

The Western Union Profile

The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.

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

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