Breton Hill Capital Ltd. Buys 24,403 Shares of Western Union Company (The) (WU)

Breton Hill Capital Ltd. boosted its stake in Western Union Company (The) (NYSE:WU) by 35.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 93,509 shares of the credit services provider’s stock after buying an additional 24,403 shares during the period. Breton Hill Capital Ltd.’s holdings in Western Union Company (The) were worth $1,781,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC boosted its stake in Western Union Company (The) by 0.9% in the second quarter. Oxbow Advisors LLC now owns 122,780 shares of the credit services provider’s stock valued at $2,339,000 after buying an additional 1,075 shares during the period. Huntington National Bank boosted its stake in Western Union Company (The) by 21.1% in the second quarter. Huntington National Bank now owns 10,279 shares of the credit services provider’s stock valued at $196,000 after buying an additional 1,789 shares during the period. Financial Architects Inc boosted 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 buying an additional 144 shares during the period. APG Asset Management N.V. boosted its stake in Western Union Company (The) by 1.2% in the second quarter. APG Asset Management N.V. now owns 4,452,646 shares of the credit services provider’s stock valued at $84,823,000 after buying an additional 51,494 shares during the period. Finally, BB&T Corp boosted its stake in Western Union Company (The) by 0.7% in the second quarter. BB&T Corp now owns 543,671 shares of the credit services provider’s stock valued at $10,357,000 after buying an additional 3,578 shares during the period.

Western Union Company (WU) opened at 18.90 on Friday. The company 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 52 week low of $18.42 and a 52 week high of $22.70. The firm has a 50-day moving average price of $19.15 and a 200 day moving average price of $19.52.

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 analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Western Union Company will post $1.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.70%. Western Union Company (The)’s payout ratio is 179.49%.

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Several brokerages recently commented on WU. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday. Barclays PLC increased their price target on 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 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 target price on the stock in a research report on Tuesday, May 2nd. Finally, TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. 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. Western Union Company (The) has an average rating of “Hold” and an average price target of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of the 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 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 document filed with the SEC, which is available at this link. Corporate 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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