Aberdeen Asset Management PLC UK Increases Holdings in Western Union Company (The) (WU)

Aberdeen Asset Management PLC UK raised its stake in Western Union Company (The) (NYSE:WU) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 870,961 shares of the credit services provider’s stock after buying an additional 37,392 shares during the quarter. Aberdeen Asset Management PLC UK owned about 0.18% of Western Union Company (The) worth $16,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Architects Inc lifted 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 in the last quarter. Loudon Investment Management LLC lifted its stake in Western Union Company (The) by 1.4% in the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock valued at $213,000 after buying an additional 150 shares in the last quarter. Pacer Advisors Inc. lifted its stake in 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. Hanson & Doremus Investment Management lifted its stake in Western Union Company (The) by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock valued at $1,430,000 after buying an additional 239 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after buying an additional 239 shares in the last quarter.

In related news, EVP John David Thompson sold 23,500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Shares of Western Union Company (NYSE WU) opened at 18.89 on Tuesday. Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.70. The stock has a 50 day moving average of $19.15 and a 200-day moving average of $19.39. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 48.56 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business earned $0.44 EPS. Western Union Company (The)’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Western Union Company will post $1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is currently 179.49%.

A number of research analysts have weighed in on WU shares. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC lifted their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. Mizuho started 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 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.56.

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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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Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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