The institutional investor owned 93,509 shares of the credit services provider's stock after buying an additional 24,403 shares during the period. Shell Asset Management Co.'s holdings in Western Union Company (The) were worth $631,000 as of its most recent SEC filing. Teachers Advisors LLC raised its stake in shares of Western Union Company (The) by 14.0% in the fourth quarter. Parametric Portfolio Associates LLC now controls 1,643,646 shares with a value of $31,311,000. Financial Architects Inc now owns 6,807 shares of the credit services provider's stock worth $139,000 after buying an additional 3,338 shares in the last quarter. Profund Advisors LLC boosted its stake in Western Union Company (The) by 4.3% in the first quarter. 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. 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. Finally, Clarkston Capital Partners LLC boosted its position in shares of Western Union Company (The) by 12.6% in the second quarter.
Shares of Western Union Company (NYSE WU) opened at 18.90 on Wednesday. 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 one year low of $18.42 and a one year high of $22.70. The stock has a 50 day moving average price of $19.15 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 the Zacks' consensus estimate of $0.42 by $0.08. The company generated a return on equity (ROE) of 20.50%.
The High Revenue estimate is predicted as 1.42 Million, while the Low Revenue Estimate prediction stands at 1.34 Million. During the same quarter a year ago, the business posted $0.44 earnings per share. State of Alaska Department of Revenue increased its position in Western Union Company (The) by 17.2% in the first quarter. Analysts expect that Western Union Company will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Employees Retirement Systems Of Texas invested in 0.01% or 34,000 shares. This represents a $0.70 annualized dividend and a yield of 3.70%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)'s dividend payout ratio is now 179.49%.
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COPYRIGHT VIOLATION NOTICE: "Shell Asset Management Co". Whittier Trust Co. increased its stake in Western Union Company (The) by 6.1% in the first quarter. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & global trademark and copyright legislation. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/13/shell-asset-management-co-sells-178018-shares-of-western-union-company-the-wu.html.
Several equities research analysts recently commented on WU shares. Barclays PLC boosted 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.
Among 14 analysts covering The Western Union Company (NYSE:WU), 2 have Buy rating, 7 Sell and 5 Hold. Finally, TheStreet raised Western Union Company (The) from a "c" rating to a "b-" rating in a research report on Tuesday, May 2nd.
Stifel Nicolaus reiterated their hold rating on shares of Western Union Company (The) (NYSE:WU) in a report published on Wednesday morning. They issued an "underperform" rating and a $16.00 price objective for the company. They released an "underperform" recommendation and a $16.00 price target for The corporation. around seven research experts recommended the company shares with a sell recommendation, six has issued a hold recommendation and 1 has released a buy recommendation to the firms shares. the share now has a average recommendation of "Hold" and a consensus price objective of $19.93. 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. Western Union Company (The) now has an average rating of "Hold" and an average target price of $20.27.
In related news, EVP John David Thompson sold 23,500 shares of the company's stock in a transaction on Friday, August 4th. Envestnet Asset Management Inc sold 4,915 shares as Netsuite Inc (N)'s stock 0.00%. Following the sale, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.