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.

In related news, EVP Jean Claude Farah sold 17,518 shares of Western Union stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the completion of the sale, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,859,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

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.

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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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