The Western Union Company (NYSE:WU) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in The Western Union Company (NYSE:WU) by 82.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,355 shares of the credit services provider’s stock after buying an additional 61,617 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Western Union were worth $1,627,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WU. Quarry LP grew its stake in Western Union by 52.9% during the 2nd 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 in the last quarter. National Bank of Canada FI grew its stake in Western Union by 1.1% during 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 in the last quarter. Dakota Wealth Management grew its stake in Western Union by 1.8% during 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 in the last quarter. Abich Financial Wealth Management LLC grew its stake in 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 purchasing an additional 1,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in 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 purchasing an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Trading Up 0.5 %

Shares of NYSE WU opened at $10.98 on Wednesday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. The Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. 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 stock’s 50 day simple moving average is $11.16 and its 200 day simple moving average is $11.83.

Western Union (NYSE:WU) last announced its quarterly earnings results 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. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts expect that The Western Union Company will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WU shares. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group reduced their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Keefe, Bruyette & Woods reduced their target price on Western Union from $13.00 to $12.00 and set a “market perform” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.75.

Western Union Company Profile

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.