Meadow Creek Investment Management LLC lifted its position in The Western Union Company (NYSE:WU) by 100.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,228 shares of the credit services provider’s stock after acquiring an additional 117,936 shares during the period. Meadow Creek Investment Management LLC’s holdings in The Western Union were worth $4,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 519 shares during the last quarter. Private Ocean LLC acquired a new position in shares of The Western Union during the 2nd quarter valued at $30,000. Mcmillion Capital Management Inc. purchased a new stake in The Western Union during the 2nd quarter worth $49,000. Close Asset Management Ltd boosted its position in The Western Union by 79.6% during the 1st quarter. Close Asset Management Ltd now owns 3,488 shares of the credit services provider’s stock worth $64,000 after purchasing an additional 1,546 shares during the period. Finally, Squar Milner Financial Services LLC increased its holdings in The Western Union by 297.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 3,971 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 2,971 shares in the last quarter.

NYSE WU traded up $0.35 on Wednesday, reaching $23.57. The company had a trading volume of 2,934,680 shares, compared to its average volume of 4,708,074. The firm has a market capitalization of $9.88 billion, a PE ratio of 12.27, a P/E/G ratio of 2.64 and a beta of 0.82. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $23.37. The firm has a 50-day moving average of $21.62 and a 200-day moving average of $19.88. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.94 and a quick ratio of 0.94.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, sell-side analysts expect that The 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 Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, September 13th. The Western Union’s payout ratio is 41.67%.

In other news, insider Jacqueline D. Molnar sold 15,712 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $20.14, for a total transaction of $316,439.68. Following the completion of the sale, the insider now directly owns 53,771 shares in the company, valued at $1,082,947.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard L. Williams sold 16,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $20.01, for a total value of $320,160.00. Following the sale, the executive vice president now owns 108,782 shares of the company’s stock, valued at $2,176,727.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,668 shares of company stock valued at $2,211,700. Company insiders own 1.33% of the company’s stock.

Separately, TheStreet upgraded The Western Union from a “c+” rating to a “b” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.67.

The Western Union Company 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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