Clinton Group Inc. Has $530,000 Position in Western Union Company (The) (WU)

Clinton Group Inc. lowered its stake in Western Union Company (The) (NYSE:WU) by 84.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,815 shares of the credit services provider’s stock after selling 146,019 shares during the quarter. Clinton Group Inc.’s holdings in Western Union Company (The) were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiduciary Trust Co. acquired a new stake in Western Union Company (The) during the 2nd quarter worth about $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Western Union Company (The) during the 2nd quarter worth about $129,000. Financial Architects Inc boosted its position in Western Union Company (The) by 2.1% during the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after acquiring an additional 144 shares during the period. IFP Advisors Inc boosted its position in Western Union Company (The) by 3.1% during the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 239 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Western Union Company (The) by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after acquiring an additional 224 shares during the period.

WU has been the subject of a number of research reports. ValuEngine upgraded Western Union Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho assumed coverage on Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Barclays PLC lifted their price target on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Western Union Company (The) currently has an average rating of “Hold” and an average price target of $20.38.

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Shares of Western Union Company (NYSE:WU) opened at 19.52 on Friday. The company has a 50-day moving average price of $19.01 and a 200 day moving average price of $19.28. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 50.18 and a beta of 1.20.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.59%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the transaction, 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. Corporate insiders own 1.10% of the company’s stock.

Western Union Company (The) Company Profile

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.

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

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