The Western Union Company (NYSE:WU) Shares Acquired by Insight Folios Inc

Insight Folios Inc increased its position in shares of The Western Union Company (NYSE:WU) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,494 shares of the credit services provider’s stock after purchasing an additional 46,087 shares during the period. Insight Folios Inc owned 0.14% of Western Union worth $5,565,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after buying an additional 895 shares in the last quarter. LRI Investments LLC acquired a new position in Western Union during the first quarter worth about $37,000. Northwestern Mutual Wealth Management Co. raised its position in Western Union by 89.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Western Union by 59.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 1,233 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Western Union by 1,189.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 7,245 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Western Union Stock Up 0.1 %

Shares of Western Union stock opened at $11.17 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The Western Union Company has a 1 year low of $10.92 and a 1 year high of $14.19. The stock has a 50-day moving average price of $11.85 and a 200 day moving average price of $12.35. The company has a market cap of $3.77 billion, a P/E ratio of 5.73, a P/E/G ratio of 1.67 and a beta of 0.86.

Western Union (NYSE:WU) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts expect that The Western Union Company will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WU has been the topic of a number of research reports. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. cut their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada decreased their target price on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. UBS Group reduced their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citigroup restated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.86.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.