First Horizon Advisors Inc. Buys 1,016 Shares of The Western Union Company (NYSE:WU)

First Horizon Advisors Inc. grew its stake in shares of The Western Union Company (NYSE:WUGet Rating) by 61.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,680 shares of the credit services provider’s stock after buying an additional 1,016 shares during the quarter. First Horizon Advisors Inc.’s holdings in Western Union were worth $47,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WU. Capital Research Global Investors boosted its holdings in shares of Western Union by 7.0% during the third quarter. Capital Research Global Investors now owns 22,532,152 shares of the credit services provider’s stock worth $455,600,000 after purchasing an additional 1,467,320 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Western Union by 9.0% during the third quarter. Bank of New York Mellon Corp now owns 9,908,400 shares of the credit services provider’s stock worth $200,348,000 after purchasing an additional 820,330 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Western Union by 16.5% during the fourth quarter. Van ECK Associates Corp now owns 9,487,728 shares of the credit services provider’s stock worth $169,261,000 after purchasing an additional 1,344,307 shares during the period. Invesco Ltd. boosted its holdings in shares of Western Union by 19.8% during the third quarter. Invesco Ltd. now owns 9,182,789 shares of the credit services provider’s stock worth $185,676,000 after purchasing an additional 1,520,013 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Western Union by 4.0% during the third quarter. Geode Capital Management LLC now owns 8,524,192 shares of the credit services provider’s stock worth $172,082,000 after purchasing an additional 330,499 shares during the period. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on WU shares. Morgan Stanley restated a “sell” rating and issued a $15.50 price objective on shares of Western Union in a report on Friday, March 11th. Citigroup lowered shares of Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Friday, April 29th. Wolfe Research restated a “hold” rating and issued a $21.00 price objective on shares of Western Union in a report on Friday, March 25th. Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a report on Thursday, April 14th. Finally, UBS Group initiated coverage on shares of Western Union in a report on Thursday, March 31st. They set a “neutral” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.12.

WU opened at $17.00 on Friday. The company has a debt-to-equity ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. The Western Union Company has a fifty-two week low of $15.69 and a fifty-two week high of $25.34. The firm’s fifty day moving average is $18.25 and its 200 day moving average is $18.18. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 7.49 and a beta of 0.92.

Western Union (NYSE:WUGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The credit services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $0.44 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts predict that The Western Union Company will post 1.8 earnings per share for the current year.

Western Union declared that its Board of Directors has approved a share repurchase plan on Thursday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

About Western Union (Get Rating)

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 and sub-agents; and 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 Western Union (NYSE:WU)

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