The Western Union Company (NYSE:WU) Shares Bought by Algert Global LLC

Algert Global LLC grew its position in The Western Union Company (NYSE:WU) by 48.7% during the third quarter, Holdings Channel reports. The firm owned 284,904 shares of the credit services provider’s stock after acquiring an additional 93,280 shares during the period. Algert Global LLC’s holdings in Western Union were worth $3,399,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC increased its stake in shares of Western Union by 293.3% in the third quarter. Kingsview Wealth Management LLC now owns 198,002 shares of the credit services provider’s stock worth $2,362,000 after acquiring an additional 147,658 shares during the period. Citigroup Inc. raised its stake in shares of Western Union by 19.0% during the 3rd quarter. Citigroup Inc. now owns 523,676 shares of the credit services provider’s stock valued at $6,247,000 after buying an additional 83,715 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Western Union in the 3rd quarter valued at about $8,124,000. Intech Investment Management LLC boosted its stake in shares of Western Union by 1,735.9% in the third quarter. Intech Investment Management LLC now owns 275,227 shares of the credit services provider’s stock worth $3,283,000 after buying an additional 260,236 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Western Union during the third quarter worth about $2,536,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Western Union Stock Up 0.8 %

WU stock opened at $11.15 on Tuesday. The Western Union Company has a 52 week low of $10.51 and a 52 week high of $14.19. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The firm has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $12.01. The stock has a market capitalization of $3.77 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.55 and a beta of 0.87.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business 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%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WU. JPMorgan Chase & Co. lowered their price objective on 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 target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada decreased 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 report on Wednesday, July 31st. Finally, StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.