Nissay Asset Management Corp Japan ADV Has $1.03 Million Holdings in The Western Union Company (NYSE:WU)

Nissay Asset Management Corp Japan ADV lowered its position in shares of The Western Union Company (NYSE:WU) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,575 shares of the credit services provider’s stock after selling 6,304 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in The Western Union were worth $1,029,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp raised its holdings in shares of The Western Union by 355.5% during the second quarter. Dupont Capital Management Corp now owns 38,429 shares of the credit services provider’s stock valued at $831,000 after acquiring an additional 29,993 shares during the period. Strs Ohio increased its stake in The Western Union by 15.8% in the 2nd quarter. Strs Ohio now owns 46,243 shares of the credit services provider’s stock valued at $999,000 after buying an additional 6,294 shares during the period. Janney Montgomery Scott LLC increased its stake in The Western Union by 41.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 436,829 shares of the credit services provider’s stock valued at $9,444,000 after buying an additional 128,918 shares during the period. TSP Capital Management Group LLC increased its stake in The Western Union by 3.1% in the 2nd quarter. TSP Capital Management Group LLC now owns 493,982 shares of the credit services provider’s stock valued at $10,680,000 after buying an additional 14,800 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in The Western Union by 105.3% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,352 shares of the credit services provider’s stock valued at $375,000 after buying an additional 8,900 shares during the period.

Shares of The Western Union stock opened at $24.28 on Friday. The stock has a market capitalization of $9.96 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89. The company has a 50-day simple moving average of $21.86 and a 200 day simple moving average of $22.18. The Western Union Company has a 12-month low of $17.39 and a 12-month high of $28.44.

The Western Union (NYSE:WU) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. The Western Union had a net margin of 20.64% and a negative return on equity of 1,692.22%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. On average, equities analysts predict that The Western Union Company will post 1.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, September 15th. The Western Union’s payout ratio is presently 52.02%.

WU has been the topic of several analyst reports. Bank of America lowered shares of The Western Union from a “buy” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $26.00 in a research note on Wednesday, June 10th. Credit Suisse Group increased their price target on shares of The Western Union from $19.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 6th. Northland Securities upgraded shares of The Western Union from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $15.00 to $26.00 in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price objective on shares of The Western Union from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Wolfe Research raised shares of The Western Union from an “underperform” rating to a “market perform” rating in a report on Thursday. Eight analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.50.

In other The Western Union news, insider Jacqueline D. Molnar sold 2,928 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $23.94, for a total value of $70,096.32. Following the completion of the sale, the insider now owns 65,170 shares in the company, valued at approximately $1,560,169.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.27% of the company’s stock.

About The Western Union

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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