Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in The Western Union Company (NYSE:WU) by 23.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,702 shares of the credit services provider’s stock after selling 11,528 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in The Western Union were worth $700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. raised its holdings in shares of The Western Union by 211.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 6,422,000 shares of the credit services provider’s stock valued at $130,559,000 after acquiring an additional 4,360,000 shares in the last quarter. BlackRock Inc. raised its holdings in shares of The Western Union by 5.2% in the 2nd quarter. BlackRock Inc. now owns 42,924,736 shares of the credit services provider’s stock valued at $872,659,000 after acquiring an additional 2,103,385 shares in the last quarter. WBI Investments Inc. purchased a new stake in shares of The Western Union in the 2nd quarter valued at about $40,412,000. Clarkston Capital Partners LLC raised its holdings in shares of The Western Union by 9.0% in the 3rd quarter. Clarkston Capital Partners LLC now owns 10,403,376 shares of the credit services provider’s stock valued at $198,288,000 after acquiring an additional 855,121 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC purchased a new stake in shares of The Western Union in the 2nd quarter valued at about $15,446,000.

Several analysts have weighed in on WU shares. Barclays started coverage on The Western Union in a report on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 price target on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of The Western Union in a report on Saturday, November 17th. Finally, Wells Fargo & Co cut The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a report on Tuesday, November 6th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.83.

Shares of NYSE WU opened at $18.36 on Thursday. The stock has a market cap of $8.29 billion, a P/E ratio of 10.20, a PEG ratio of 2.28 and a beta of 1.04. 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 announced its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.43 billion. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The Western Union’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. As a group, research analysts anticipate that The Western Union Company will post 1.92 earnings per share for the current year.

In related news, EVP Sheri Rhodes sold 2,175 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $19.02, for a total transaction of $41,368.50. Following the transaction, the executive vice president now directly owns 51,775 shares of the company’s stock, valued at approximately $984,760.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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The Western Union Company Profile

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

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