Western Union Company (The) (NYSE:WU) Position Cut by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. lowered its stake in Western Union Company (The) (NYSE:WU) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 406,742 shares of the credit services provider’s stock after selling 9,292 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Western Union Company (The) worth $7,748,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WU. Whittier Trust Co. increased its position in Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock valued at $102,000 after buying an additional 288 shares during the last quarter. Financial Architects Inc increased its stake in shares of Western Union Company (The) by 96.2% in the first quarter. Financial Architects Inc now owns 6,807 shares of the credit services provider’s stock valued at $139,000 after buying an additional 3,338 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of 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 buying an additional 224 shares in the last quarter. Van ECK Associates Corp increased its stake 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 buying an additional 477 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Western Union Company (The) during the first quarter valued at about $154,000.

Shares of Western Union Company (NYSE WU) traded up 0.83% during mid-day trading on Wednesday, hitting $19.38. 3,954,630 shares of the company were exchanged. The firm has a market capitalization of $8.99 billion, a P/E ratio of 49.82 and a beta of 1.19. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The company’s 50-day moving average price is $19.15 and its 200-day moving average price is $19.50.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Equities research analysts predict that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s payout ratio is currently 179.49%.

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Several equities research analysts have recently issued reports on WU shares. Barclays PLC raised their price target on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Mizuho assumed coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued 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. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.27.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following 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 legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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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