The institutional investor owned 33,110 shares of the credit services provider's stock after selling 178,018 shares during the period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. now owns 1,492,020 shares of the credit services provider's stock valued at $30,363,000 after buying an additional 43,672 shares during the period. Oxbow Advisors LLC boosted its position in Western Union Company (The) by 0.9% in the second quarter. Teachers Advisors LLC now owns 611,489 shares of the credit services provider's stock valued at $13,282,000 after buying an additional 75,267 shares during the period. Whittier Trust Co. raised its position in shares of Western Union Company (The) by 6.1% in the first 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. Huntington National Bank raised its stake in Western Union Company (The) by 21.1% in the second quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider's stock worth $153,000 after buying an additional 477 shares during the period. IFP Advisors has an ownership of 7,836 stocks of the credit services provider's shares valued $149,000 after scooping up an extra 239 shares through out the quarter.
Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The company has a 50-day moving average price of $19.15 and a 200-day moving average price of $19.52. The stock has a market cap of $9.13 billion, a PE ratio of 42.04 and a beta of 1.19. Lastly, Integrated Investment Consultants boosted its position in Western Union Company (The) by 2.1% in the Q1. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm 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. Western Union Company (The)'s quarterly revenue was up.2% on a year-over-year basis.
According to Research firm Zacks, experts anticipate that Western Union Company (The) will announce complete year sales of $1.37 B for the present fiscal year, with estimates between $5.35 B to $5.51 B. for the upcoming year, analysts expect that The corporation to post sales of $5.54 B for a share, with estimates between $5.42 B to $5.71 B. Zacks' sales averages are a consensus based on a study of investment banking investment analysts that cover Western Union Company (The). Investors of record on Friday, September 15th will be issued a dividend of $0.175 per share. This dividend amount will represent a yeild of $3.63. The ex-dividend date is Thursday, September 14th. Western Union Company (The)'s dividend payout ratio (DPR) is presently 179.49%. Gvo Asset Management Ltd owns 1.61 million shares or 21.07% of their USA portfolio. "Sells 178,018 Shares of Western Union Company (The) (WU)" was published by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another website, it was copied illegally and republished in violation of US and worldwide copyright law. The legal version of this article can be viewed at https://sportsperspectives.com/2017/08/13/western-union-company-the-wu-stake-raised-by-breton-hill-capital-ltd-updated-updated.html.
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At the present time, shares of The Western Union Company (WU) are worth at $19.28.
In Financial sector, The Western Union Company (WU) holds floating shares of 467.91 million and 467.91 million outstanding shares. Zacks Investment Research upgraded shares of Western Union Company (The) from a "hold" rating to a "buy" rating and set a $22.00 price target for the company in a research report on Tuesday, May 2nd. The stock of The Western Union Company (NYSE:WU) has "Hold" rating given on Friday, June 16 by RBC Capital Markets. Moreover, Guardian Life Insurance Com Of America has 0.01% invested in The Western Union Company (NYSE:WU) for 1,857 shares. 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. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. The average 12-month price target among brokers that have covered the stock in the a year ago is $20.12.
In related news, EVP John David Thompson sold 23,500 shares of the firm's 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 sale, the executive vice president now owns 129,650 shares of the company's stock, valued at approximately $2,608,558. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The company's previous year sales total was 1.38 Million.
The Western Union Company (Western Union) is a provider of money movement and payment services.