Radnor Capital Management LLC Takes Position in The Western Union Company (NYSE:WU)

Radnor Capital Management LLC bought a new stake in The Western Union Company (NYSE:WU) in the third quarter, Holdings Channel reports. The institutional investor bought 16,850 shares of the credit services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WU. Private Advisor Group LLC raised its holdings in shares of Western Union by 13.0% in the first quarter. Private Advisor Group LLC now owns 38,083 shares of the credit services provider’s stock valued at $532,000 after buying an additional 4,379 shares during the last quarter. LSV Asset Management raised its holdings in Western Union by 2.3% during the first quarter. LSV Asset Management now owns 8,274,077 shares of the credit services provider’s stock worth $115,672,000 after purchasing an additional 186,922 shares in the last quarter. Clifford Capital Partners LLC raised its holdings in Western Union by 3.5% during the first quarter. Clifford Capital Partners LLC now owns 55,418 shares of the credit services provider’s stock worth $775,000 after purchasing an additional 1,874 shares in the last quarter. Sei Investments Co. raised its holdings in Western Union by 20.9% during the first quarter. Sei Investments Co. now owns 729,451 shares of the credit services provider’s stock worth $10,198,000 after purchasing an additional 126,211 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in Western Union by 300.4% during the first quarter. Kingsview Wealth Management LLC now owns 230,970 shares of the credit services provider’s stock worth $3,229,000 after purchasing an additional 173,280 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WU shares. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. UBS Group cut their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada dropped their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Western Union in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Western Union has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Stock Down 1.2 %

WU stock opened at $10.71 on Friday. The company’s 50 day simple moving average is $11.67 and its 200-day simple moving average is $12.23. The firm has a market capitalization of $3.62 billion, a PE ratio of 5.49, a P/E/G ratio of 1.53 and a beta of 0.87. The Western Union Company has a 12 month low of $10.68 and a 12 month high of $14.19. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 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 analyst estimates of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The company’s quarterly 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. Equities analysts expect that The Western Union Company will post 1.77 earnings per share 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.