Swiss National Bank Has $28.12 Million Stake in The Western Union Company (NYSE:WU)

Swiss National Bank decreased its position in The Western Union Company (NYSE:WUGet Rating) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,707,122 shares of the credit services provider’s stock after selling 34,100 shares during the quarter. Swiss National Bank owned about 0.44% of Western Union worth $28,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its position in Western Union by 11.3% during the second quarter. Advisors Asset Management Inc. now owns 664,418 shares of the credit services provider’s stock worth $10,943,000 after buying an additional 67,646 shares in the last quarter. Metis Global Partners LLC grew its position in Western Union by 187.6% during the second quarter. Metis Global Partners LLC now owns 35,236 shares of the credit services provider’s stock worth $580,000 after buying an additional 22,983 shares in the last quarter. Texas Permanent School Fund grew its position in Western Union by 0.3% during the second quarter. Texas Permanent School Fund now owns 279,924 shares of the credit services provider’s stock worth $4,610,000 after buying an additional 738 shares in the last quarter. Islay Capital Management LLC acquired a new stake in Western Union during the second quarter worth approximately $100,000. Finally, M&T Bank Corp grew its position in Western Union by 12.8% during the second quarter. M&T Bank Corp now owns 24,825 shares of the credit services provider’s stock worth $383,000 after buying an additional 2,815 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Ratings Changes

WU has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Western Union from $18.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, October 21st. Susquehanna Bancshares reduced their target price on Western Union from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Credit Suisse Group reduced their target price on Western Union from $16.00 to $14.00 and set an “underperform” rating on the stock in a report on Friday, October 21st. UBS Group downgraded Western Union from a “neutral” rating to a “sell” rating and set a $12.00 target price on the stock. in a report on Friday, October 28th. Finally, Susquehanna reduced their target price on Western Union from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Eight analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $14.88.

Western Union Stock Down 1.6 %

Shares of WU opened at $13.84 on Thursday. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 6.56 and a beta of 0.87. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.98 and a current ratio of 0.98. The Western Union Company has a 52 week low of $12.27 and a 52 week high of $20.40. The stock has a fifty day moving average of $13.84 and a 200-day moving average of $15.63.

Insider Buying and Selling

In related news, Chairman Jeffrey A. Joerres bought 7,745 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average cost of $12.84 per share, with a total value of $99,445.80. Following the transaction, the chairman now directly owns 167,337 shares in the company, valued at $2,148,607.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is owned by corporate insiders.

Western Union Company Profile

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The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

Further Reading

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Institutional Ownership by Quarter for Western Union (NYSE:WU)

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