PNC Financial Services Group Inc. reduced its stake in The Western Union Company (NYSE:WU) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,100 shares of the credit services provider’s stock after selling 8,179 shares during the period. PNC Financial Services Group Inc.’s holdings in The Western Union were worth $3,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WU. Piedmont Investment Advisors LLC purchased a new position in The Western Union in the 2nd quarter valued at about $109,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in The Western Union by 121.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,290 shares of the credit services provider’s stock valued at $177,000 after buying an additional 5,091 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in The Western Union in the 2nd quarter valued at about $217,000. Baird Financial Group Inc. purchased a new position in The Western Union in the 2nd quarter valued at about $273,000. Finally, Piedmont Investment Advisors Inc. boosted its position in The Western Union by 153.1% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 13,541 shares of the credit services provider’s stock valued at $258,000 after buying an additional 8,191 shares during the last quarter.

Several equities analysts have recently commented on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of The Western Union in a research report on Saturday, November 17th. Barclays assumed coverage on shares of The Western Union in a research report on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on shares of The Western Union in a research report on Thursday. They set a “market perform” rating on the stock. Finally, Wells Fargo & Co cut shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Tuesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.83.

In related news, EVP Sheri Rhodes sold 2,175 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total transaction of $41,368.50. Following the sale, the executive vice president now owns 51,775 shares in the company, valued at $984,760.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Shares of WU stock opened at $18.49 on Friday. The Western Union Company has a one year low of $17.40 and a one year high of $22.21. The stock has a market cap of $8.13 billion, a PE ratio of 10.27, a P/E/G ratio of 2.24 and a beta of 1.04.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, research analysts forecast that The Western Union Company will post 1.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.11%. The Western Union’s dividend payout ratio (DPR) is 42.22%.

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About The Western Union

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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