The Western Union Company (NYSE:WU) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in The Western Union Company (NYSE:WU) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 660,500 shares of the credit services provider’s stock after selling 12,500 shares during the quarter. Swiss National Bank owned about 0.20% of Western Union worth $7,880,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its position in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after buying an additional 895 shares in the last quarter. National Bank of Canada FI raised its stake in Western Union by 1.1% in the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock valued at $979,000 after purchasing an additional 896 shares during the last quarter. Dakota Wealth Management raised its stake in Western Union by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock valued at $685,000 after purchasing an additional 979 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Western Union by 31.1% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Western Union by 4.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock valued at $331,000 after acquiring an additional 1,091 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Royal Bank of Canada dropped their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. UBS Group dropped their target price on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.86.

Western Union Stock Up 0.8 %

NYSE WU opened at $11.15 on Tuesday. The stock has a market cap of $3.77 billion, a PE ratio of 5.71, a P/E/G ratio of 1.55 and a beta of 0.87. The Western Union Company has a fifty-two week low of $10.51 and a fifty-two week high of $14.19. The business has a 50 day moving average price of $11.38 and a two-hundred day moving average price of $12.01. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. Western Union’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, sell-side analysts predict that The Western Union Company will post 1.77 EPS for the current fiscal year.

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.