Will Western Union’s Expansion Of Their Remittance Service Make These Top Institutional Shareholders Content?

Western Union Company (NYSE:WU) announced the expansion of their Direct to Bank remittance service to receivers in China and Canada. Customers can now receive funds directly into their bank accounts after the payouts have been originated from the westernunion.com site in the United Kingdom. That brings the tally of the number of countries that can receive money digitally from the westernunion.com site to 46 and sending countries to 23. “This latest digital expansion of our Direct-to-Bank service marks another successful buildup to the Global Agent network and our goal of offering consumers more ways to get money to more places,” said Khalid Fellahi, Senior Vice President and General Manager, Western Union Digital.

Will Western Union Co.’s shareholders increase their holdings? They reported owning a total of 41.842 million shares on 12/31/2012. The shares closed at $13.61 on 12/31/2012.

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Here are the ten largest positions in Western Union Co. at the end of December 31st, 2012.

Manning & Napier Advisors LLC. held 16,938,992 shares on 12/31/2012 worth $230,539,675. This brought the portfolio total to 1.21%.

Schroder Investment Management Group held 4,622,000 shares on 12/31/2012 worth $62,905,418. This brought the portfolio total to 0.01%.

California Public Employees Retirement System held 1,850,790 shares on 12/31/2012 worth $25,189,251. This brought the portfolio total to 0.06%.

Teachers Retirement System of the State of Kentucky held 1,301,807 shares on 12/31/2012 worth $17,717,593. This brought the portfolio total to 0.18%.

Alliancebernstein l.p. held 1,162,263 shares on 12/31/2012 worth $15,818,399. This brought the portfolio total to 0.02%.

Mizuho Trust & Banking Co. ltd. held 979,431 shares on 12/31/2012 worth $13,330,056. This brought the portfolio total to 0.05%.

Cacti Asset Management LLC. held 975,635 shares on 12/31/2012 worth $13,278,392. This brought the portfolio total to 3.44%.

Gateway Investment Advisers LLC. held 886,453 shares on 12/31/2012 worth $12,064,625. This brought the portfolio total to 0.12%.

Kempner Capital Management Inc. held 844,386 shares on 12/31/2012 worth $11,492,093. This brought the portfolio total to 4.84%.

Hester Capital Management LLC. held 762,325 shares on 12/31/2012 worth $10,375,243. This brought the portfolio total to 2.29%.

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