Flossbach Von Storch AG held its stake in shares of Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,000 shares of the credit services provider’s stock at the end of the second quarter. Flossbach Von Storch AG owned approximately 0.06% of Western Union Company (The) worth $5,525,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake 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 valued at $701,918,000 after buying an additional 33,487,639 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Western Union Company (The) during the first quarter worth approximately $47,167,000. Bank of Montreal Can increased its stake in shares of Western Union Company (The) by 162.0% in the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after buying an additional 1,834,328 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Western Union Company (The) during the first quarter worth approximately $30,448,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Western Union Company (The) during the first quarter worth approximately $30,448,000.
Western Union Company (NYSE:WU) opened at 18.88 on Friday. The firm has a market capitalization of $8.76 billion, a PE ratio of 48.53 and a beta of 1.19. Western Union Company has a one year low of $18.42 and a one year high of $22.70. The stock has a 50 day moving average price of $19.17 and a 200-day moving average price of $19.49.
Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The business 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%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Western Union Company will post $1.77 earnings per share for the current year.
The business also recently declared 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 dividend yield of 3.71%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is currently 179.49%.
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A number of brokerages have commented on WU. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. TheStreet upgraded Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, Mizuho began coverage on Western Union Company (The) in a research report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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 stock was sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of the sale, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The sale was disclosed in a filing with the SEC, which is available at this link. 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.
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