Stephens Inc. AR Cuts Stock Position in The Western Union Company (NYSE:WU)

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Stephens Inc. AR lessened its holdings in The Western Union Company (NYSE:WU) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,199 shares of the credit services provider’s stock after selling 1,195 shares during the period. Stephens Inc. AR’s holdings in The Western Union were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WU. Signaturefd LLC grew its position in The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 519 shares in the last quarter. Grimes & Company Inc. grew its position in The Western Union by 0.7% in the second quarter. Grimes & Company Inc. now owns 83,656 shares of the credit services provider’s stock worth $1,664,000 after acquiring an additional 570 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in The Western Union by 4.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 16,171 shares of the credit services provider’s stock worth $299,000 after acquiring an additional 661 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in The Western Union by 1.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 80,908 shares of the credit services provider’s stock worth $1,494,000 after acquiring an additional 852 shares in the last quarter. Finally, Empirical Finance LLC grew its position in The Western Union by 0.9% in the second quarter. Empirical Finance LLC now owns 137,050 shares of the credit services provider’s stock worth $2,726,000 after acquiring an additional 1,179 shares in the last quarter.

Shares of NYSE WU opened at $21.77 on Thursday. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $9.07 billion, a P/E ratio of 11.34, a PEG ratio of 2.42 and a beta of 0.83. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $22.27. The firm has a 50-day simple moving average of $20.93 and a two-hundred day simple moving average of $19.47.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. The Western Union had a negative return on equity of 309.12% and a net margin of 22.11%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. As a group, equities research analysts expect that The Western Union Company will post 1.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, September 13th. The Western Union’s payout ratio is currently 41.67%.

WU has been the subject of several recent research reports. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Northcoast Research lowered The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Finally, TheStreet upgraded The Western Union from a “c+” rating to a “b” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The Western Union currently has a consensus rating of “Hold” and a consensus target price of $19.67.

In other The Western Union news, insider Richard L. Williams sold 4,257 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $21.85, for a total value of $93,015.45. Following the completion of the sale, the insider now owns 113,039 shares of the company’s stock, valued at $2,469,902.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard L. Williams sold 16,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $320,160.00. Following the completion of the sale, the executive vice president now directly owns 108,782 shares of the company’s stock, valued at approximately $2,176,727.82. The disclosure for this sale can be found here. In the last three months, insiders sold 92,307 shares of company stock valued at $1,906,267. 1.33% of the stock is owned by insiders.

The Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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