WINTON GROUP Ltd lifted its holdings in shares of The Western Union Company (NYSE:WU) by 111.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,222,520 shares of the credit services provider’s stock after acquiring an additional 645,440 shares during the period. WINTON GROUP Ltd owned approximately 0.27% of The Western Union worth $23,301,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in WU. A.R.T. Advisors LLC bought a new position in The Western Union during the 1st quarter valued at about $217,000. Jane Street Group LLC bought a new position in The Western Union during the 1st quarter valued at about $196,000. DnB Asset Management AS bought a new position in The Western Union during the 2nd quarter valued at about $1,108,000. IFM Investors Pty Ltd lifted its holdings in The Western Union by 30.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 27,974 shares of the credit services provider’s stock valued at $569,000 after purchasing an additional 6,525 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in The Western Union during the 2nd quarter valued at about $3,000,000.
WU opened at $18.47 on Tuesday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 2.17 and a beta of 1.01. The Western Union Company has a 1-year low of $17.40 and a 1-year high of $22.21.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.43 billion. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. Equities research analysts forecast that The Western Union Company will post 1.93 earnings per share for the current fiscal year.
WU has been the subject of several analyst reports. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of The Western Union in a report on Friday, August 3rd. Zacks Investment Research raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Wolfe Research initiated coverage on shares of The Western Union in a report on Tuesday, July 17th. They set an “underperform” rating for the company. Finally, Wells Fargo & Co downgraded shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.40.
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About The Western Union
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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