Clark Estates Inc. NY Sells 19,000 Shares of The Western Union Company (NYSE:WU)

Clark Estates Inc. NY decreased its position in shares of The Western Union Company (NYSE:WU) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,075 shares of the credit services provider’s stock after selling 19,000 shares during the quarter. Clark Estates Inc. NY owned 0.07% of Western Union worth $2,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in Western Union by 30.7% during the 2nd quarter. Mackenzie Financial Corp now owns 348,850 shares of the credit services provider’s stock valued at $4,263,000 after acquiring an additional 82,018 shares during the period. Foundry Partners LLC purchased a new stake in Western Union during the 3rd quarter valued at $8,124,000. Kingsview Wealth Management LLC boosted its stake 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. OLD National Bancorp IN increased its position in Western Union by 11.9% during the third quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock valued at $8,399,000 after acquiring an additional 74,742 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Western Union in the third quarter worth about $957,000. Institutional investors own 91.81% of the company’s stock.

Western Union Price Performance

Western Union stock 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 Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. The firm has a 50-day moving average price of $11.35 and a 200-day moving average price of $11.98. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last issued its 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. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. As a group, equities research analysts forecast that The Western Union Company will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

WU has been the topic of several recent research reports. UBS Group decreased their price target 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. Royal Bank of Canada decreased their price objective on 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. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.86.

Western Union 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.