Los Angeles Capital Management LLC Sells 37,206 Shares of The Western Union Company (NYSE:WU)

Los Angeles Capital Management LLC lowered its position in The Western Union Company (NYSE:WU) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,423 shares of the credit services provider’s stock after selling 37,206 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Western Union worth $4,825,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its holdings in shares of Western Union by 16.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 165,990 shares of the credit services provider’s stock valued at $1,980,000 after purchasing an additional 23,746 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Western Union by 4.7% in the third quarter. Crossmark Global Holdings Inc. now owns 480,146 shares of the credit services provider’s stock valued at $5,728,000 after purchasing an additional 21,500 shares in the last quarter. Covestor Ltd increased its holdings in shares of Western Union by 15.2% in the third quarter. Covestor Ltd now owns 15,961 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 2,100 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Western Union in the third quarter valued at approximately $60,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Western Union in the third quarter valued at approximately $957,000. Institutional investors own 91.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on WU shares. UBS Group lowered their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup reaffirmed a “neutral” rating and set a $13.00 target price on shares of Western Union in a report on Wednesday, July 17th. Three research 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, Western Union presently has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Price Performance

Shares of WU stock opened at $10.62 on Tuesday. The Western Union Company has a 12-month low of $10.62 and a 12-month high of $14.19. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The firm has a fifty day moving average of $11.64 and a 200-day moving average of $12.19.

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

Western Union Company Profile

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.