IFM Investors Pty Ltd grew its position in The Western Union Company (NYSE:WU) by 67.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,290 shares of the credit services provider’s stock after purchasing an additional 21,049 shares during the period. IFM Investors Pty Ltd’s holdings in The Western Union were worth $1,212,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WU. Signaturefd LLC grew its position in The Western Union by 66.5% during the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock valued at $26,000 after buying an additional 519 shares during the period. Private Ocean LLC bought a new position in The Western Union during the second quarter valued at about $30,000. CENTRAL TRUST Co grew its position in The Western Union by 73.4% during the third quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock valued at $52,000 after buying an additional 950 shares during the period. Mcmillion Capital Management Inc. bought a new position in The Western Union during the second quarter valued at about $49,000. Finally, CSat Investment Advisory L.P. grew its position in The Western Union by 27.8% during the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock valued at $52,000 after buying an additional 572 shares during the period.
In other news, Director Michael Miles sold 9,192 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $25.00, for a total value of $229,800.00. Following the sale, the director now directly owns 136,645 shares of the company’s stock, valued at $3,416,125. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amintore Schenkel sold 11,550 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $24.00, for a total transaction of $277,200.00. Following the completion of the sale, the insider now directly owns 95,028 shares in the company, valued at $2,280,672. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,385 shares of company stock worth $963,200. Insiders own 1.33% of the company’s stock.
Several research firms recently weighed in on WU. Citigroup set a $20.50 price target on shares of The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Wolfe Research set a $24.00 price target on shares of The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $23.00 price target on shares of The Western Union and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley set a $20.00 target price on shares of The Western Union and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, TheStreet lowered shares of The Western Union from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Six equities research 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. The stock presently has a consensus rating of “Hold” and an average target price of $23.14.
NYSE:WU traded up $0.01 on Friday, reaching $27.87. 5,794,364 shares of the company’s stock were exchanged, compared to its average volume of 5,824,079. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.56 and a beta of 0.81. The Western Union Company has a 52 week low of $16.42 and a 52 week high of $28.00. The stock has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $21.47.
The Western Union (NYSE:WU) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that The Western Union Company will post 1.77 EPS for the current year.
About The Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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