The Western Union Company (WU) Holdings Decreased by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its holdings in shares of The Western Union Company (NYSE:WU) by 52.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,538 shares of the credit services provider’s stock after selling 146,543 shares during the quarter. Achmea Investment Management B.V.’s holdings in The Western Union were worth $2,544,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WU. Dupont Capital Management Corp grew its holdings in The Western Union by 37.8% in the 3rd quarter. Dupont Capital Management Corp now owns 47,132 shares of the credit services provider’s stock worth $898,000 after acquiring an additional 12,917 shares during the last quarter. Brookstone Capital Management grew its holdings in The Western Union by 1.5% in the 3rd quarter. Brookstone Capital Management now owns 240,817 shares of the credit services provider’s stock worth $4,590,000 after acquiring an additional 3,469 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in The Western Union by 5.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 67,135 shares of the credit services provider’s stock worth $1,280,000 after acquiring an additional 3,597 shares during the last quarter. WINTON GROUP Ltd grew its holdings in The Western Union by 111.8% in the 3rd quarter. WINTON GROUP Ltd now owns 1,222,520 shares of the credit services provider’s stock worth $23,301,000 after acquiring an additional 645,440 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in The Western Union by 24.3% in the 3rd quarter. Advisory Services Network LLC now owns 28,544 shares of the credit services provider’s stock worth $545,000 after acquiring an additional 5,580 shares during the last quarter.

NYSE WU traded down $0.36 during trading hours on Wednesday, reaching $18.36. 5,429,482 shares of the company’s stock traded hands, compared to its average volume of 4,958,368. The Western Union Company has a 52-week low of $17.40 and a 52-week high of $22.21. The stock has a market cap of $8.29 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 2.28 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $0.53 EPS. The Western Union’s revenue was down 1.2% on a year-over-year basis. On average, research analysts anticipate that The Western Union Company will post 1.92 earnings per share for the current year.

WU has been the subject of several research analyst reports. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Saturday. ValuEngine cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Barclays initiated coverage on shares of The Western Union in a research report on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 target price for the company. Finally, Wells Fargo & Co cut shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research report on Tuesday, November 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.83.

In other The Western Union news, EVP Sheri Rhodes sold 2,175 shares of The Western Union stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total value of $41,368.50. Following the completion of the transaction, the executive vice president now directly owns 51,775 shares of the company’s stock, valued at $984,760.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

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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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