Integrated Wealth Concepts LLC Acquires 8,943 Shares of The Western Union Company (NYSE:WU)

Integrated Wealth Concepts LLC grew its holdings in The Western Union Company (NYSE:WU) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,742 shares of the credit services provider’s stock after purchasing an additional 8,943 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Western Union were worth $570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in shares of Western Union by 30.7% in the 2nd quarter. Mackenzie Financial Corp now owns 348,850 shares of the credit services provider’s stock worth $4,263,000 after buying an additional 82,018 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Western Union in the 3rd quarter worth approximately $8,124,000. Kingsview Wealth Management LLC grew its position in shares of Western Union by 293.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 198,002 shares of the credit services provider’s stock worth $2,362,000 after buying an additional 147,658 shares during the last quarter. Citigroup Inc. grew its position in shares of Western Union by 19.0% in the 3rd quarter. Citigroup Inc. now owns 523,676 shares of the credit services provider’s stock worth $6,247,000 after buying an additional 83,715 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in shares of Western Union by 11.9% in the 3rd quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock worth $8,399,000 after buying an additional 74,742 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Stock Up 0.5 %

WU stock opened at $10.98 on Wednesday. The firm’s fifty day simple moving average is $11.16 and its 200-day simple moving average is $11.83. The company has a market capitalization of $3.71 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. 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 Western Union Company has a 12 month low of $10.51 and a 12 month high of $14.19.

Western Union (NYSE:WU) last released 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 the consensus estimate of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that The Western Union Company will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Western Union from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Monday. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, Western Union has a consensus rating of “Hold” and a consensus price target of $12.75.

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.