The Western Union Co. (WU) Stake Maintained by Commonwealth Bank of Australia

The Western Union Co. (WU) Stake Maintained by Commonwealth Bank of Australia

Commonwealth Bank of Australia continued to hold its position in shares of Western Union Co. (NYSE:WU) during the third quarter, according to its most recent filing with the SEC. The firm owned 75,674 shares of the company’s stock at the end of the third quarter. Commonwealth Bank of Australia’s holdings in Western Union were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Boston Advisors LLC boosted its stake in shares of Western Union by 46.8% in the second quarter. Boston Advisors LLC now owns 654,697 shares of the company’s stock valued at $12,557,000 after buying an additional 208,860 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Western Union by 0.7% in the third quarter. Sei Investments Co. now owns 736,109 shares of the company’s stock valued at $15,325,000 after buying an additional 5,375 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Western Union by 5.3% in the third quarter. Teachers Advisors LLC now owns 536,222 shares of the company’s stock valued at $11,164,000 after buying an additional 26,886 shares during the last quarter. Arcus Capital Partners LLC boosted its stake in shares of Western Union by 3.1% in the second quarter. Arcus Capital Partners LLC now owns 15,462 shares of the company’s stock valued at $297,000 after buying an additional 462 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of Western Union by 452.0% in the second quarter. PGGM Investments now owns 1,908,009 shares of the company’s stock valued at $36,596,000 after buying an additional 1,562,332 shares during the last quarter.

Western Union Co. (NYSE:WU) traded down 3.30% during trading on Thursday, hitting $21.13. 15,153,159 shares of the stock traded hands. The company has a market capitalization of $10.24 billion, a P/E ratio of 12.80 and a beta of 1.17. Western Union Co. has a one year low of $16.23 and a one year high of $22.70. The company’s 50 day moving average is $21.79 and its 200 day moving average is $20.79.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 19th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, December 15th. Western Union’s dividend payout ratio (DPR) is currently 38.79%.

Several research analysts have issued reports on the company. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a report on Monday, October 24th. BTIG Research set a $23.00 price target on Western Union and gave the company a “buy” rating in a report on Monday, October 24th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of Western Union in a report on Thursday, November 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Western Union in a report on Thursday. Finally, Guggenheim assumed coverage on Western Union in a report on Wednesday, January 4th. They issued a “neutral” rating and a $23.00 price target on the stock. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.17.

About Western Union

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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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