Prospera Financial Services Inc Increases Position in The Western Union Company (NYSE:WU)

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Prospera Financial Services Inc raised its position in The Western Union Company (NYSE:WU) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,840 shares of the credit services provider’s stock after purchasing an additional 3,398 shares during the period. Prospera Financial Services Inc’s holdings in The Western Union were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CSat Investment Advisory L.P. grew its position in shares of The Western Union by 20.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,940 shares of the credit services provider’s stock valued at $64,000 after buying an additional 499 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of The Western Union by 1.5% in the 2nd quarter. CIBC Asset Management Inc now owns 36,704 shares of the credit services provider’s stock valued at $794,000 after buying an additional 528 shares during the last quarter. Coastline Trust Co grew its position in shares of The Western Union by 4.1% in the 2nd quarter. Coastline Trust Co now owns 13,915 shares of the credit services provider’s stock valued at $301,000 after buying an additional 553 shares during the last quarter. Cigna Investments Inc. New grew its position in shares of The Western Union by 6.3% in the 1st quarter. Cigna Investments Inc. New now owns 11,833 shares of the credit services provider’s stock valued at $215,000 after buying an additional 700 shares during the last quarter. Finally, AIA Investment Management Private Ltd grew its position in shares of The Western Union by 12.7% in the 1st quarter. AIA Investment Management Private Ltd now owns 6,841 shares of the credit services provider’s stock valued at $124,000 after buying an additional 771 shares during the last quarter.

Shares of NYSE WU traded down $0.27 during midday trading on Thursday, hitting $23.43. The company had a trading volume of 122,806 shares, compared to its average volume of 6,069,083. The Western Union Company has a twelve month low of $17.39 and a twelve month high of $28.44. The business has a 50-day simple moving average of $22.58 and a two-hundred day simple moving average of $21.84. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Tuesday, August 4th. The credit services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The Western Union had a net margin of 12.38% and a negative return on equity of 1,029.12%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. Research analysts forecast that The Western Union Company will post 1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, September 15th. The Western Union’s dividend payout ratio (DPR) is 52.02%.

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 transaction of $70,096.32. Following the completion of the transaction, the insider now directly owns 65,170 shares in the company, valued at approximately $1,560,169.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.27% of the stock is owned by company insiders.

A number of research firms recently commented on WU. Goldman Sachs Group began coverage on shares of The Western Union in a research report on Tuesday, July 14th. They issued a “sell” rating and a $22.00 target price on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of The Western Union in a research report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and set a $28.00 price target on shares of The Western Union in a research note on Tuesday, August 4th. Citigroup increased their price target on shares of The Western Union from $18.00 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Finally, cut shares of The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 10th. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.78.

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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