OLD National Bancorp IN Decreases Position in Western Union Company (The) (WU)

OLD National Bancorp IN cut its stake in shares of Western Union Company (The) (NYSE:WU) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,089 shares of the credit services provider’s stock after selling 1,292 shares during the period. OLD National Bancorp IN’s holdings in Western Union Company (The) were worth $535,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in WU. Vanguard Group Inc. boosted its stake in Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock worth $1,035,417,000 after buying an additional 795,312 shares during the period. FMR LLC boosted its stake in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock worth $832,474,000 after buying an additional 326,222 shares during the period. BlackRock Inc. boosted its position in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after buying an additional 33,487,639 shares during the last quarter. State Street Corp boosted its position in Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after buying an additional 920,224 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Western Union Company (The) by 13.9% in the first quarter. Schroder Investment Management Group now owns 7,841,777 shares of the credit services provider’s stock valued at $160,678,000 after buying an additional 954,959 shares during the last quarter.

Shares of Western Union Company (NYSE:WU) traded down 0.05% during mid-day trading on Friday, hitting $18.90. The stock had a trading volume of 3,227,668 shares. The stock has a market cap of $8.77 billion, a P/E ratio of 48.59 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 firm has a 50 day moving average price of $19.14 and a 200-day moving average price of $19.53.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $1.38 billion during 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%. Western Union Company (The)’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, equities research analysts forecast 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 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is 179.49%.

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Several research analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday. Mizuho assumed coverage on Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price objective on the stock. Barclays PLC increased their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 price objective on shares of Western Union Company (The) in a research report on Thursday, April 13th. Finally, Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of the transaction, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Western Union Company (The) Company 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)

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