Delta Lloyd Asset Management N.V. Acquires Shares of 39,951 Western Union Company (The) (WU)

Delta Lloyd Asset Management N.V. purchased a new stake in Western Union Company (The) (NYSE:WU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 39,951 shares of the credit services provider’s stock, valued at approximately $761,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in WU. Financial Architects Inc increased its stake in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the period. IFP Advisors Inc increased its stake in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 239 shares during the period. Pacer Advisors Inc. increased its stake in Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 224 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 477 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of Western Union Company (The) in the first quarter valued at about $154,000.

Several brokerages have recently weighed in on WU. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Barclays PLC boosted 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. BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Mizuho started coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target for the company. 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’s stock. Western Union Company (The) currently has a consensus rating of “Hold” and an average price target of $20.56.

In related news, EVP John David Thompson sold 23,500 shares of the firm’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 of the company’s stock, valued at $2,608,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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Shares of Western Union Company (WU) traded down 0.079% during mid-day trading on Friday, hitting $18.925. 649,466 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $19.12 and a 200-day moving average price of $19.38. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 48.650 and a beta of 1.20. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. Western Union Company (The)’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities 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. Investors of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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.

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

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