Healthcare of Ontario Pension Plan Trust Fund Increases Holdings in The Western Union Company (NYSE:WU)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of The Western Union Company (NYSE:WUGet Rating) by 7,052.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,156 shares of the credit services provider’s stock after purchasing an additional 118,476 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Western Union were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. National Asset Management Inc. boosted its position in Western Union by 5.1% during the 1st quarter. National Asset Management Inc. now owns 23,893 shares of the credit services provider’s stock worth $448,000 after purchasing an additional 1,158 shares during the period. Aviva PLC boosted its position in Western Union by 52.6% during the 2nd quarter. Aviva PLC now owns 285,550 shares of the credit services provider’s stock worth $4,703,000 after purchasing an additional 98,426 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Western Union by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,409 shares of the credit services provider’s stock valued at $237,000 after buying an additional 1,626 shares during the last quarter. Victory Capital Management Inc. boosted its position in Western Union by 41.8% in the 2nd quarter. Victory Capital Management Inc. now owns 792,625 shares of the credit services provider’s stock valued at $13,055,000 after buying an additional 233,622 shares during the last quarter. Finally, Selective Wealth Management Inc. purchased a new position in Western Union in the 2nd quarter valued at about $111,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Western Union

In other news, Chairman Jeffrey A. Joerres purchased 7,745 shares of the company’s stock in a transaction on Monday, November 7th. The shares were bought at an average price of $12.84 per share, for a total transaction of $99,445.80. Following the completion of the purchase, the chairman now owns 167,337 shares of the company’s stock, valued at $2,148,607.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WU has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Western Union from $18.00 to $14.00 and set an “underweight” rating for the company in a research report on Friday, October 21st. Susquehanna decreased their price objective on shares of Western Union from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Susquehanna Bancshares decreased their price objective on shares of Western Union from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. The Goldman Sachs Group decreased their price objective on shares of Western Union from $18.00 to $15.50 and set a “sell” rating for the company in a research report on Monday, August 8th. Finally, Credit Suisse Group decreased their price objective on shares of Western Union from $16.00 to $14.00 and set an “underperform” rating for the company in a research report on Friday, October 21st. Eight research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.88.

Western Union Price Performance

WU opened at $14.18 on Thursday. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 6.72 and a beta of 0.87. The Western Union Company has a fifty-two week low of $12.27 and a fifty-two week high of $20.40. The company’s 50-day moving average price is $13.75 and its 200 day moving average price is $15.51. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 4.94.

About Western Union

(Get Rating)

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

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

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