Atria Wealth Solutions Inc. Has $466,000 Stock Position in The Western Union Company (NYSE:WU)

Atria Wealth Solutions Inc. grew its position in The Western Union Company (NYSE:WU) by 36.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,068 shares of the credit services provider’s stock after acquiring an additional 11,753 shares during the period. Atria Wealth Solutions Inc.’s holdings in Western Union were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WU. Wells Fargo & Company MN boosted its stake in Western Union by 43.3% in the 4th quarter. Wells Fargo & Company MN now owns 297,584 shares of the credit services provider’s stock worth $3,154,000 after purchasing an additional 89,901 shares during the period. Envestnet Asset Management Inc. raised its holdings in Western Union by 5.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 404,577 shares of the credit services provider’s stock valued at $4,289,000 after acquiring an additional 19,237 shares during the period. Cerity Partners LLC raised its holdings in Western Union by 145.1% in the 4th quarter. Cerity Partners LLC now owns 72,795 shares of the credit services provider’s stock valued at $786,000 after acquiring an additional 43,095 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Western Union by 70.9% during the fourth quarter. Renaissance Technologies LLC now owns 991,900 shares of the credit services provider’s stock worth $10,514,000 after purchasing an additional 411,500 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Western Union during the fourth quarter worth approximately $116,000. Institutional investors own 91.81% of the company’s stock.

Western Union Stock Performance

Shares of WU opened at $8.30 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.11. The Western Union Company has a 52-week low of $7.89 and a 52-week high of $12.40. The stock has a 50 day moving average price of $8.47 and a 200 day moving average price of $9.60. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 3.14, a price-to-earnings-growth ratio of 2.92 and a beta of 0.61.

Western Union (NYSE:WU) last released its quarterly earnings results on Monday, July 28th. The credit services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Western Union had a return on equity of 66.11% and a net margin of 21.83%. Western Union’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Research analysts predict that The Western Union Company will post 1.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WU shares. Monness Crespi & Hardt cut their target price on shares of Western Union from $7.50 to $7.00 and set a “sell” rating on the stock in a research report on Tuesday, July 29th. UBS Group decreased their price target on shares of Western Union from $10.50 to $8.50 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. JMP Securities restated a “market perform” rating on shares of Western Union in a report on Thursday, April 24th. Susquehanna dropped their price target on shares of Western Union from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Western Union in a report on Thursday, July 17th. They issued a “hold” rating and a $9.00 price target on the stock. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.61.

Western Union Company 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.