Foster & Motley Inc. Has $794000 Stake in Western Union Company (The) (WU)

Evrard Martin
Août 13, 2017

The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.08. About 3.59M shares traded or 15.06% up from the average. Access Financial Services Inc.'s holdings in Western Union Company (The) were worth $1,361,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Western Union Company (The) by 3.0% in the first quarter. The Envestnet Asset Management Inc holds 230 shares with $21,000 value, down from 5,145 last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Western Union Company (The) during the fourth quarter worth $341,000. FMR LLC now owns 40,907,785 shares of the credit services provider's stock valued at $832,474,000 after buying an additional 326,222 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Western Union Company (The) by 17.8% in the first quarter. Van ECK Associates Corp increased its stake in Western Union Company (The) by 6.8% in the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider's stock valued at $321,000 after buying an additional 654 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Western Union Company (The) by 13.9% in the first quarter. Following the transaction, the executive vice president now directly owns 129,650 shares of the company's stock, valued at approximately $2,608,558.

Shares of Western Union Company (WU) traded down 1.61% during mid-day trading on Thursday, hitting $18.97. The stock declined 1.56% or $0.3 reaching $18.98 per share. The company has a 50 day moving average price of $19.07 and a 200 day moving average price of $19.62. The stock of The Western Union Company (NYSE:WU) earned "Buy" rating by S&P Research on Wednesday, September 2. The credit services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up.2% compared to the same quarter past year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts anticipate that Western Union Company will post $1.74 EPS for the current fiscal year.

The company also announced a dividend for shareholders that will be paid on Friday the 29th of September 2017. Employees Retirement Systems Of Texas invested in 0.01% or 34,000 shares. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.70%. Tiedemann Wealth Mgmt Limited Liability Company reported 0.06% of its portfolio in The Western Union Company (NYSE:WU).

WARNING: "Foster & Motley Inc". Illinois-based Prudential Public Ltd Company has invested 0.03% in The Western Union Company (NYSE:WU). If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and worldwide copyright and trademark legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/11/western-union-company-the-wu-shares-bought-by-great-west-life-assurance-co-can.html.

WU has been the subject of several research analyst reports. 8,103,189 shares of the company were exchanged. Royal Bank Of Canada reissued a "hold" rating and issued a $23.00 price target on shares of Western Union Company (The) in a research note on Thursday, April 13th. Barclays PLC raised their price objective 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. Mizuho began coverage on Western Union Company (The) in a research note on Tuesday, June 27th. The stock now has an average rating of "Hold" and a consensus price target of $20.27.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the stock in a transaction dated Friday, August 4th. The stock now has an average rating of "Hold" and an average price target of $20.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TRADEMARK VIOLATION NOTICE: "Analysts Expect Western Union Company (The) (WU) Will Post Quarterly Sales of $1.37 Billion" was first published by Community Financial News and is owned by of Community Financial News.

The Western Union Company is a well-known provider of money movement and payment services. Ray Gerald L & Associates Ltd who had been investing in International Business Machs for a number of months, seems to be bullish on the $132.07B market cap company.

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