Rational Advisors LLC Reduces Holdings in The Western Union Company (NYSE:WU)

Rational Advisors LLC trimmed its holdings in shares of The Western Union Company (NYSE:WU) by 97.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,160 shares of the credit services provider’s stock after selling 93,902 shares during the period. Rational Advisors LLC’s holdings in The Western Union were worth $50,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of The Western Union by 7.7% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,495 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 392 shares in the last quarter. Signaturefd LLC increased its stake in shares of The Western Union by 66.5% during the 2nd quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 519 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of The Western Union by 0.7% during the 2nd quarter. Grimes & Company Inc. now owns 83,656 shares of the credit services provider’s stock worth $1,664,000 after purchasing an additional 570 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in shares of The Western Union by 27.8% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 572 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV grew its stake in The Western Union by 1.0% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 81,227 shares of the credit services provider’s stock worth $1,893,000 after acquiring an additional 830 shares during the period.

Several analysts have commented on the stock. Citigroup set a $20.50 target price on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Royal Bank of Canada set a $23.00 target price on shares of The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. BTIG Research set a $28.00 target price on shares of The Western Union and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank set a $25.00 target price on shares of The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Bank of America set a $21.00 target price on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.14.

In other The Western Union news, insider Amintore Schenkel sold 13,361 shares of The Western Union stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.86, for a total value of $305,432.46. Following the transaction, the insider now owns 96,839 shares in the company, valued at approximately $2,213,739.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Miles sold 9,192 shares of The Western Union stock in a transaction on Monday, October 28th. The shares were sold at an average price of $25.00, for a total transaction of $229,800.00. Following the completion of the transaction, the director now owns 136,645 shares in the company, valued at approximately $3,416,125. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,674 shares of company stock worth $1,268,531. 1.33% of the stock is owned by company insiders.

WU stock opened at $26.80 on Friday. The stock has a market capitalization of $11.10 billion, a P/E ratio of 14.55, a PEG ratio of 1.22 and a beta of 0.81. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The Western Union Company has a one year low of $16.42 and a one year high of $28.00. The company has a 50 day moving average price of $24.71 and a two-hundred day moving average price of $21.70.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The Western Union’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. Research analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

The Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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