Andra AP fonden acquired a new position in The Western Union Company (NYSE:WU) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 364,000 shares of the credit services provider’s stock, valued at approximately $6,723,000.

Other large investors have also modified their holdings of the company. Ffcm LLC boosted its holdings in The Western Union by 50.0% during the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 565 shares during the period. Whittier Trust Co. raised its position in shares of The Western Union by 13.2% during the fourth quarter. Whittier Trust Co. now owns 5,158 shares of the credit services provider’s stock valued at $88,000 after buying an additional 603 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of The Western Union by 4.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 16,171 shares of the credit services provider’s stock valued at $299,000 after buying an additional 661 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of The Western Union by 1.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 80,908 shares of the credit services provider’s stock valued at $1,494,000 after buying an additional 852 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of The Western Union by 3.1% during the fourth quarter. M&T Bank Corp now owns 33,892 shares of the credit services provider’s stock valued at $578,000 after buying an additional 1,026 shares during the last quarter.

Shares of WU opened at $20.14 on Thursday. The stock has a market cap of $8.68 billion, a PE ratio of 10.49, a P/E/G ratio of 3.31 and a beta of 0.85. The Western Union Company has a 52 week low of $16.42 and a 52 week high of $21.37.

The Western Union (NYSE:WU) last posted its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.45 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts forecast that The Western Union Company will post 1.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, June 13th. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.

A number of research analysts have recently commented on WU shares. Zacks Investment Research raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Northcoast Research lowered shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The Western Union has a consensus rating of “Hold” and an average target price of $20.00.

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The Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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