The Western Union Company (NYSE:WU) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of The Western Union Company (NYSE:WU) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,958 shares of the credit services provider’s stock after selling 757 shares during the period. Public Employees Retirement System of Ohio’s holdings in The Western Union were worth $3,938,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Polaris Capital Management LLC grew its position in shares of The Western Union by 5.8% during the third quarter. Polaris Capital Management LLC now owns 2,180,128 shares of the credit services provider’s stock worth $50,514,000 after acquiring an additional 120,200 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in The Western Union by 4.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,999,208 shares of the credit services provider’s stock valued at $46,322,000 after purchasing an additional 90,640 shares during the period. Andra AP fonden boosted its stake in The Western Union by 27.0% during the 3rd quarter. Andra AP fonden now owns 400,200 shares of the credit services provider’s stock valued at $9,273,000 after purchasing an additional 85,100 shares during the period. Virtu Financial LLC grew its position in The Western Union by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 44,646 shares of the credit services provider’s stock worth $1,034,000 after purchasing an additional 17,772 shares during the last quarter. Finally, State Street Corp grew its position in The Western Union by 6.8% in the 3rd quarter. State Street Corp now owns 21,968,296 shares of the credit services provider’s stock worth $509,005,000 after purchasing an additional 1,397,327 shares during the last quarter.

A number of equities research analysts have recently weighed in on WU shares. TheStreet cut The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. BTIG Research set a $28.00 price objective on The Western Union and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley set a $20.00 target price on The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Citigroup set a $20.50 target price on The Western Union and gave the company a “sell” rating in a research note on Friday, November 1st. Finally, Deutsche Bank set a $25.00 target price on The Western Union and gave the company a “hold” rating in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The Western Union has a consensus rating of “Hold” and an average target price of $23.35.

In related news, insider Andrew Summerill sold 2,125 shares of The Western Union stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $27.55, for a total value of $58,543.75. Following the transaction, the insider now directly owns 18,047 shares in the company, valued at approximately $497,194.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Kalac sold 9,164 shares of The Western Union stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $26.93, for a total value of $246,786.52. Following the completion of the transaction, the insider now owns 44,446 shares in the company, valued at $1,196,930.78. The disclosure for this sale can be found here. Insiders sold a total of 38,313 shares of company stock worth $963,098 over the last quarter. Insiders own 1.33% of the company’s stock.

Shares of NYSE:WU opened at $26.84 on Friday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.24 and a beta of 0.80. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.96 and a quick ratio of 0.96. The Western Union Company has a 12 month low of $16.42 and a 12 month high of $28.00. The stock’s 50 day moving average price is $26.20 and its 200 day moving average price is $22.47.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.98%. The Western Union’s dividend payout ratio is currently 41.67%.

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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