Teachers Retirement System of The State of Kentucky Has $1.10 Million Position in Western Union Company (The) (NYSE:WU)

Teachers Retirement System of The State of Kentucky decreased its position in Western Union Company (The) (NYSE:WU) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,967 shares of the credit services provider’s stock after selling 5,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Western Union Company (The) were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 worth $701,918,000 after buying an additional 33,487,639 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Western Union Company (The) during the first quarter worth approximately $47,167,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Western Union Company (The) during the first quarter worth approximately $30,448,000. Marshall Wace North America L.P. acquired a new position in shares of Western Union Company (The) during the first quarter worth about $30,448,000. Finally, WINTON GROUP Ltd increased its position in shares of Western Union Company (The) by 50.0% in the first quarter. WINTON GROUP Ltd now owns 3,102,575 shares of the credit services provider’s stock worth $64,596,000 after buying an additional 1,033,694 shares during the period.

Shares of Western Union Company (WU) traded up 0.079% on Friday, hitting $18.925. The stock had a trading volume of 2,806,957 shares. The company’s 50-day moving average price is $19.15 and its 200 day moving average price is $19.53. The firm has a market cap of $8.78 billion, a P/E ratio of 48.650 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.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, equities research analysts forecast that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.175 per share. 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 payout ratio is currently 179.49%.

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A number of brokerages recently issued reports on WU. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday. Barclays PLC increased their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research raised Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, May 2nd. Finally, TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently 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 Western Union Company (The) stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the transaction, the executive vice president now owns 129,650 shares in the company, valued at $2,608,558. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

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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