The Western Union Company (NYSE:WU) Holdings Boosted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in The Western Union Company (NYSE:WU) by 293.3% in the third quarter, Holdings Channel.com reports. The firm owned 198,002 shares of the credit services provider’s stock after purchasing an additional 147,658 shares during the period. Kingsview Wealth Management LLC’s holdings in Western Union were worth $2,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WU. Price T Rowe Associates Inc. MD lifted its position in shares of Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock worth $194,405,000 after purchasing an additional 13,724,584 shares in the last quarter. LSV Asset Management lifted its position in Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock worth $118,985,000 after buying an additional 1,462,853 shares in the last quarter. Millennium Management LLC lifted its position in Western Union by 62.8% in the 2nd quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after buying an additional 1,439,310 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Western Union by 52.0% during the 2nd quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock valued at $40,784,000 after buying an additional 1,142,400 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Western Union by 5,731.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 787,943 shares of the credit services provider’s stock valued at $9,629,000 after acquiring an additional 774,431 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

WU has been the subject of several recent research reports. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Royal Bank of Canada lowered their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, UBS Group cut their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, Western Union presently has an average rating of “Hold” and an average price target of $12.86.

Western Union Trading Up 1.8 %

Shares of Western Union stock opened at $11.06 on Monday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 1.55 and a beta of 0.87. The Western Union Company has a 1 year low of $10.51 and a 1 year high of $14.19. The company’s fifty day simple moving average is $11.38 and its 200-day simple moving average is $12.02. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Western Union’s revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts expect that The Western Union Company will post 1.77 EPS for the current year.

Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.