The Western Union Company (NYSE:WU) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of The Western Union Company (NYSE:WU) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,876 shares of the credit services provider’s stock after buying an additional 1,205 shares during the period. State of Alaska Department of Revenue owned approximately 0.07% of Western Union worth $2,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WU. Mackenzie Financial Corp raised its position in Western Union by 30.7% during the 2nd quarter. Mackenzie Financial Corp now owns 348,850 shares of the credit services provider’s stock worth $4,263,000 after buying an additional 82,018 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Western Union by 5.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,252,897 shares of the credit services provider’s stock worth $17,516,000 after purchasing an additional 65,087 shares in the last quarter. OLD National Bancorp IN lifted its position in Western Union by 11.9% in the third quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock valued at $8,399,000 after purchasing an additional 74,742 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Western Union by 7,569.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after purchasing an additional 13,724,584 shares in the last quarter. Finally, M&G Plc acquired a new position in Western Union during the 1st quarter worth approximately $12,051,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WU. Royal Bank of Canada decreased their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. Citigroup reiterated a “neutral” rating and issued a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Finally, UBS Group decreased their price target on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.86.

Western Union Trading Down 0.4 %

Shares of Western Union stock opened at $10.76 on Friday. The business has a 50 day moving average price of $11.80 and a 200 day moving average price of $12.31. The company has a market capitalization of $3.63 billion, a P/E ratio of 5.52, a P/E/G ratio of 1.67 and a beta of 0.86. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The Western Union Company has a 1 year low of $10.75 and a 1 year high of $14.19.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $0.43 earnings per share. Sell-side analysts anticipate 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.