The Western Union Company (NYSE:WU) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in The Western Union Company (NYSE:WU) by 14.1% during the 3rd quarter, Holdings Channel reports. The firm owned 6,960 shares of the credit services provider’s stock after selling 1,146 shares during the quarter. US Bancorp DE’s holdings in Western Union were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WU. Quarry LP increased its stake in Western Union by 52.9% in the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 895 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Western Union during the 1st quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Western Union by 89.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,522 shares during the period. Abich Financial Wealth Management LLC lifted its stake in shares of Western Union by 59.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 1,233 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Western Union by 1,189.7% in the 3rd quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 7,245 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Trading Up 2.6 %

Shares of WU opened at $10.84 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19. The stock has a market capitalization of $3.66 billion, a P/E ratio of 5.56, a P/E/G ratio of 1.48 and a beta of 0.87. The business’s 50-day moving average price is $11.49 and its 200 day moving average price is $12.11.

Western Union (NYSE:WU) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that The Western Union Company will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

WU has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. UBS Group dropped their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada cut their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.86.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.