Darwin Wealth Management LLC Takes $185,000 Position in The Western Union Company (NYSE:WU)

Darwin Wealth Management LLC acquired a new stake in shares of The Western Union Company (NYSE:WU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,520 shares of the credit services provider’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WU. Quarry LP increased its position in Western Union by 52.9% in the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 895 shares during the last quarter. LRI Investments LLC purchased a new position in Western Union during the first quarter worth $37,000. Northwestern Mutual Wealth Management Co. boosted its stake in Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,522 shares during the period. Abich Financial Wealth Management LLC boosted its stake in Western Union by 59.9% during the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after buying an additional 1,233 shares during the period. Finally, Tompkins Financial Corp purchased a new position in Western Union during the third quarter worth $60,000. Institutional investors own 91.81% of the company’s stock.

Western Union Stock Down 0.2 %

NYSE:WU opened at $10.73 on Thursday. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19. The company has a 50-day moving average of $11.44 and a 200 day moving average of $12.06. The firm has a market cap of $3.62 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 1.51 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.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on WU. UBS Group dropped 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. 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 research note on Tuesday, August 20th. 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 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 note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.86.

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.