Curbstone Financial Management Corp lifted its position in Western Union Company (The) (NYSE:WU) by 82.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,200 shares of the credit services provider’s stock after acquiring an additional 15,425 shares during the period. Curbstone Financial Management Corp’s holdings in Western Union Company (The) were worth $657,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Fiduciary Trust Co. acquired a new stake in Western Union Company (The) during the 2nd quarter worth approximately $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Western Union Company (The) during the 2nd quarter worth approximately $129,000. Financial Architects Inc grew its stake in shares of Western Union Company (The) by 2.1% during the 2nd 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 in the last quarter. IFP Advisors Inc grew its stake in shares of Western Union Company (The) by 3.1% during the 2nd 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 in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of Western Union Company (The) during the 1st quarter worth approximately $154,000.
Shares of Western Union Company (NYSE:WU) traded down 0.815% on Friday, reaching $20.085. The company’s stock had a trading volume of 1,143,623 shares. Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.70. The firm’s 50-day moving average price is $19.34 and its 200-day moving average price is $19.26. The stock has a market cap of $9.32 billion, a P/E ratio of 51.632 and a beta of 1.20.
Western Union Company (The) (NYSE:WU) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, analysts forecast that Western Union Company will post $1.77 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/27/curbstone-financial-management-corp-has-657000-holdings-in-western-union-company-the-wu.html.
Several equities analysts have recently weighed in on WU shares. Barclays PLC raised their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reaffirmed a “sell” rating and set a $16.00 price objective on shares of Western Union Company (The) in a research report on Sunday, October 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Western Union Company (The) in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.38.
In related news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of the transaction, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Western Union Company (The) Company 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.
Receive News & Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.