Teacher Retirement System of Texas Has $2.50 Million Stock Holdings in The Western Union Company (NYSE:WU)

Teacher Retirement System of Texas reduced its holdings in shares of The Western Union Company (NYSE:WUFree Report) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,749 shares of the credit services provider’s stock after selling 38,272 shares during the quarter. Teacher Retirement System of Texas’ holdings in Western Union were worth $2,500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Western Union by 17.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,882,154 shares of the credit services provider’s stock valued at $130,247,000 after acquiring an additional 1,439,595 shares in the last quarter. AQR Capital Management LLC increased its stake in Western Union by 10.5% in the 3rd quarter. AQR Capital Management LLC now owns 11,498,861 shares of the credit services provider’s stock valued at $151,555,000 after buying an additional 1,088,247 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Western Union during the 3rd quarter worth approximately $13,180,000. Glenmede Trust Co. NA boosted its stake in shares of Western Union by 268.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,224,532 shares of the credit services provider’s stock worth $16,139,000 after buying an additional 891,949 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Western Union by 969.5% in the third quarter. Hsbc Holdings PLC now owns 765,613 shares of the credit services provider’s stock valued at $10,192,000 after acquiring an additional 694,026 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

WU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. Barclays increased their price target on shares of Western Union from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Monday, February 12th. Monness Crespi & Hardt started coverage on shares of Western Union in a research report on Wednesday, March 20th. They issued a “neutral” rating on the stock. William Blair reissued a “market perform” rating on shares of Western Union in a research report on Wednesday, February 7th. Finally, BMO Capital Markets lifted their price target on shares of Western Union from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.61.

Get Our Latest Report on Western Union

Western Union Stock Up 0.0 %

WU opened at $13.28 on Thursday. The company has a 50 day moving average of $13.46 and a 200 day moving average of $12.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.38. The Western Union Company has a 12 month low of $10.92 and a 12 month high of $14.19. The company has a market cap of $4.49 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.84.

Western Union (NYSE:WUGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Western Union had a return on equity of 120.76% and a net margin of 14.12%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that The Western Union Company will post 1.76 EPS for the current year.

Insider Buying and Selling at Western Union

In other news, Director Timothy P. Murphy bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $12.85 per share, with a total value of $128,500.00. Following the acquisition, the director now owns 56,205 shares of the company’s stock, valued at approximately $722,234.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.85% of the company’s stock.

Western Union Profile

(Free Report)

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.

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

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