Fmr LLC Has $9.85 Million Stock Holdings in The Western Union Company (NYSE:WU)

Fmr LLC trimmed its stake in shares of The Western Union Company (NYSE:WU) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 825,404 shares of the credit services provider’s stock after selling 21,849 shares during the quarter. Fmr LLC owned 0.24% of Western Union worth $9,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP grew its holdings in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Western Union by 31.1% during the second quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after buying an additional 1,024 shares during the last quarter. Tompkins Financial Corp bought a new stake in shares of Western Union in the third quarter worth $60,000. Finally, International Assets Investment Management LLC grew its stake in shares of Western Union by 1,189.7% in the third quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 7,245 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Western Union Stock Performance

WU opened at $10.87 on Thursday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day simple moving average of $11.14 and a two-hundred day simple moving average of $11.82. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19. The firm has a market cap of $3.67 billion, a P/E ratio of 5.57, a PEG ratio of 1.51 and a beta of 0.86.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WU shares. Keefe, Bruyette & Woods reduced their price objective on shares of Western Union from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Monday. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Finally, UBS Group reduced their target price on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.75.

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.