The Western Union Company (NYSE:WU) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of The Western Union Company (NYSE:WU) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,555 shares of the credit services provider’s stock after selling 11,157 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Western Union worth $2,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WU. Price T Rowe Associates Inc. MD raised its stake in shares of Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after acquiring an additional 13,724,584 shares in the last quarter. LSV Asset Management raised its holdings in shares of Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after purchasing an additional 1,462,853 shares in the last quarter. Millennium Management LLC boosted its position in shares of Western Union by 62.8% during the 2nd quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after acquiring an additional 1,439,310 shares in the last quarter. Marshall Wace LLP lifted its stake in Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock worth $40,784,000 after purchasing an additional 1,142,400 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Western Union by 5,731.4% in the second quarter. Panagora Asset Management Inc. now owns 787,943 shares of the credit services provider’s stock valued at $9,629,000 after purchasing an additional 774,431 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Price Performance

Shares of NYSE WU opened at $11.06 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 1.55 and a beta of 0.87. The company’s 50-day moving average price is $11.38 and its 200 day moving average price is $12.02. The Western Union Company has a 52 week low of $10.51 and a 52 week high of $14.19.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. Western Union’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. As a group, research 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 brokerages recently commented on WU. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group decreased their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on 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, JPMorgan Chase & Co. decreased their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Western Union currently has an average rating of “Hold” and an average price target of $12.86.

Western Union Profile

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.