Western Union Company (The) (WU) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group trimmed its holdings in shares of Western Union Company (The) (NYSE:WU) by 63.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,252,819 shares of the credit services provider’s stock after selling 3,922,773 shares during the quarter. Schroder Investment Management Group owned 0.49% of Western Union worth $42,938,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in WU. Fiduciary Trust Co. purchased a new stake in Western Union in the second quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in Western Union in the second quarter worth $129,000. IFP Advisors Inc increased its position in Western Union by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the last quarter. Pacer Advisors Inc. increased its position in Western Union by 8.4% in the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after buying an additional 627 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in Western Union in the third quarter worth $198,000.
A number of analysts have issued reports on WU shares. ValuEngine raised Western Union from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union in a report on Wednesday, August 9th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of Western Union in a report on Thursday, October 12th. Finally, Mizuho reaffirmed a “sell” rating and issued a $16.00 price target on shares of Western Union in a report on Sunday, October 15th. Six 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 company presently has a consensus rating of “Hold” and a consensus target price of $20.14.
Western Union Company (NYSE WU) traded up $0.02 during trading on Friday, hitting $19.71. The stock had a trading volume of 5,169,773 shares, compared to its average volume of 3,453,345. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $9,043.47, a price-to-earnings ratio of 10.64, a P/E/G ratio of 1.86 and a beta of 1.00.
Western Union (NYSE:WU) last posted its quarterly earnings results 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 return on equity of 116.85% and a net margin of 3.83%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. research analysts forecast that Western Union Company will post 1.83 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Western Union Company (The) (WU) Shares Sold by Schroder Investment Management Group” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/12/02/western-union-company-the-wu-shares-sold-by-schroder-investment-management-group.html.
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.
Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Union Company (The) (NYSE:WU).
Receive News & Stock 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 stocks with our FREE daily email newsletter.