The Western Union Company (NYSE:WU) Shares Acquired by Clifford Capital Partners LLC

Clifford Capital Partners LLC increased its position in shares of The Western Union Company (NYSE:WU) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,974 shares of the credit services provider’s stock after purchasing an additional 2,845 shares during the quarter. Clifford Capital Partners LLC’s holdings in Western Union were worth $727,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in shares of Western Union by 17.7% during the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock worth $118,985,000 after buying an additional 1,462,853 shares during the last quarter. Millennium Management LLC lifted its stake in Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after purchasing an additional 1,439,310 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock worth $40,784,000 after buying an additional 1,142,400 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Western Union by 5,731.4% in the second quarter. Panagora Asset Management Inc. now owns 787,943 shares of the credit services provider’s stock valued at $9,629,000 after buying an additional 774,431 shares in the last quarter. Finally, Foundry Partners LLC purchased a new stake in shares of Western Union in the 3rd quarter valued at $8,124,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on WU shares. JPMorgan Chase & Co. lowered their target price on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. UBS Group lowered their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Stock Performance

NYSE:WU opened at $11.10 on Wednesday. The firm has a market capitalization of $3.75 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average price is $11.35 and its 200 day moving average price is $11.98. The Western Union Company has a 12 month low of $10.51 and a 12 month high of $14.19.

Western Union (NYSE:WU) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior 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. On average, sell-side analysts anticipate that The Western Union Company will post 1.77 earnings per share for the current fiscal 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.