The Western Union Company (WU) Position Trimmed by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in The Western Union Company (NYSE:WU) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,700 shares of the credit services provider’s stock after selling 3,800 shares during the period. Macquarie Group Ltd.’s holdings in The Western Union were worth $1,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in The Western Union by 11.2% during the 4th quarter. BlackRock Inc. now owns 46,384,514 shares of the credit services provider’s stock worth $791,319,000 after purchasing an additional 4,686,559 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of The Western Union by 53,019.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 29,221,152 shares of the credit services provider’s stock valued at $556,956,000 after acquiring an additional 29,166,142 shares during the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of The Western Union by 3.0% in the 4th quarter. Clarkston Capital Partners LLC now owns 10,711,700 shares of the credit services provider’s stock valued at $182,742,000 after acquiring an additional 308,324 shares during the last quarter. Capital World Investors increased its holdings in shares of The Western Union by 6,210.5% in the 3rd quarter. Capital World Investors now owns 9,150,165 shares of the credit services provider’s stock valued at $174,402,000 after acquiring an additional 9,005,165 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of The Western Union by 29.2% in the 4th quarter. California Public Employees Retirement System now owns 2,845,475 shares of the credit services provider’s stock valued at $48,544,000 after acquiring an additional 643,643 shares during the last quarter.

NYSE:WU traded up $0.03 during midday trading on Friday, reaching $19.30. 3,430,297 shares of the company traded hands, compared to its average volume of 5,704,747. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $21.37. The firm has a market capitalization of $8.42 billion, a P/E ratio of 10.05, a P/E/G ratio of 2.86 and a beta of 0.91.

The Western Union (NYSE:WU) last released its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Western Union Company will post 1.87 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on WU shares. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a report on Monday, March 4th. ValuEngine upgraded The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.00.

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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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