Western Union Company (The) (WU) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Western Union Company (The) (NYSE:WU) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 758,140 shares of the credit services provider’s stock after buying an additional 41,553 shares during the period. Sei Investments Co. owned 0.16% of Western Union Company (The) worth $14,443,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock worth $1,035,417,000 after buying an additional 795,312 shares in the last quarter. FMR LLC raised its position in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock worth $832,474,000 after buying an additional 326,222 shares in the last quarter. BlackRock Inc. raised its position in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares in the last quarter. State Street Corp raised its position in Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock worth $437,439,000 after buying an additional 920,224 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its position in shares of Western Union Company (The) by 12.6% in the second quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock worth $161,405,000 after buying an additional 950,840 shares during the period.

Western Union Company (NYSE:WU) traded down 0.63% on Friday, hitting $18.88. The company had a trading volume of 3,946,906 shares. The firm has a 50-day moving average price of $19.17 and a 200-day moving average price of $19.49. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The firm has a market capitalization of $8.76 billion, a PE ratio of 48.53 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last released its quarterly earnings data 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. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. Western Union Company (The)’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, equities research analysts anticipate that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s payout ratio is 179.49%.

COPYRIGHT VIOLATION NOTICE: “Western Union Company (The) (WU) Shares Bought by Sei Investments Co.” was originally posted by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/sei-investments-co-acquires-41553-shares-of-western-union-company-the-wu-updated.html.

A number of brokerages recently issued reports on WU. Zacks Investment Research raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 2nd. Barclays PLC boosted their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.27.

In other news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.

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

Receive News & Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply