Western Union Company (The) (WU) Position Increased by Old West Investment Management LLC

Old West Investment Management LLC lifted its position in Western Union Company (The) (NYSE:WU) by 192.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,906 shares of the credit services provider’s stock after buying an additional 85,559 shares during the period. Western Union comprises 1.3% of Old West Investment Management LLC’s holdings, making the stock its 26th largest position. Old West Investment Management LLC’s holdings in Western Union were worth $2,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WU. Skandinaviska Enskilda Banken AB publ boosted its stake in Western Union by 53.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock worth $53,968,000 after purchasing an additional 984,900 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Western Union by 412.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,000 shares of the credit services provider’s stock worth $23,089,000 after purchasing an additional 975,700 shares during the period. FMR LLC boosted its stake in Western Union by 2.3% in the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after purchasing an additional 926,405 shares during the period. Van ECK Associates Corp acquired a new position in Western Union in the 3rd quarter worth $16,772,000. Finally, Marshall Wace North America L.P. boosted its stake in Western Union by 48.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,262,915 shares of the credit services provider’s stock worth $42,995,000 after purchasing an additional 740,507 shares during the period.

In other news, EVP Jean Claude Farah sold 17,518 shares of the 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 transaction, the executive vice president now directly owns 139,500 shares in the company, valued at approximately $2,859,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

A number of equities analysts recently weighed in on WU shares. Citigroup upped their target price on shares of Western Union from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Western Union from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, November 6th. Morgan Stanley upped their target price on shares of Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. ValuEngine raised shares of Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Mizuho reaffirmed a “sell” rating and issued a $16.00 target price on shares of Western Union in a research note on Sunday, October 15th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.14.

Western Union Company (NYSE:WU) traded down $0.15 during trading on Thursday, hitting $19.40. 4,390,100 shares of the stock were exchanged, compared to its average volume of 4,226,377. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $8,970.00, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.

Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. Western Union 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 the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $0.46 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. analysts expect that Western Union Company will post 1.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.61%. Western Union’s dividend payout ratio is 152.17%.

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Western Union 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.

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

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