Western Union Company (The) (NYSE:WU) 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 transaction of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Western Union Company (NYSE:WU) traded down 0.41% on Tuesday, reaching $19.30. 2,898,664 shares of the company were exchanged. The company’s 50-day moving average price is $19.12 and its 200 day moving average price is $19.60. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 41.87 and a beta of 1.19.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Western Union Company will post $1.74 EPS for the current year.

The business 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 dividend of $0.175 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.63%. Western Union Company (The)’s payout ratio is presently 179.49%.

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Several institutional investors have recently modified their holdings of the stock. Whittier Trust Co. increased its position in shares of Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock valued at $102,000 after buying an additional 288 shares during the last quarter. Financial Architects Inc increased its position in shares of 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 last quarter. IFP Advisors Inc increased its position in shares of 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 during the last quarter. Pacer Advisors Inc. increased its position in shares of 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 during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock valued at $153,000 after buying an additional 477 shares during the last quarter.

A number of research firms recently weighed in on WU. BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Mizuho began coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Barclays PLC boosted their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday. Six analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.29.

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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