Western Union Company (The) (WU) Holdings Cut by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its position in shares of Western Union Company (The) (NYSE:WU) by 64.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,854 shares of the credit services provider’s stock after selling 449,160 shares during the quarter. Canada Pension Plan Investment Board owned 0.05% of Western Union Company (The) worth $4,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new position in shares of Western Union Company (The) in the second quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Western Union Company (The) in the second quarter worth $129,000. Financial Architects Inc increased its stake in shares of Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after acquiring an additional 144 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 239 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Western Union Company (The) by 8.4% in the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 627 shares during the last quarter.

In other Western Union Company (The) news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.50, for a total transaction of $359,119.00. Following the completion of the sale, the executive vice president now directly owns 139,500 shares in the company, valued at $2,859,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Shares of Western Union Company (NYSE:WU) opened at $19.65 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. Western Union Company has a fifty-two week low of $18.39 and a fifty-two week high of $22.70. The stock has a market cap of $8,965.39, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last released its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts predict that Western Union Company will post 1.83 EPS for the current fiscal year.

A number of research firms have recently weighed in on WU. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $19.00 target price on shares of Western Union Company (The) in a research report on Thursday, October 12th. Morgan Stanley increased their target price on shares of Western Union Company (The) from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Finally, Mizuho reissued a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a research report on Sunday, October 15th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.14.

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Western Union Company (The) Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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

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