Martingale Asset Management L P Sells 25,176 Shares of The Western Union Company (NYSE:WU)

Martingale Asset Management L P decreased its position in The Western Union Company (NYSE:WU) by 42.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,461 shares of the credit services provider’s stock after selling 25,176 shares during the quarter. Martingale Asset Management L P’s holdings in Western Union were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WU. Quarry LP boosted its stake in shares of Western Union by 52.9% during the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after buying an additional 895 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $39,000 after purchasing an additional 1,522 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in Western Union by 31.1% in the second quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 1,024 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of Western Union during the 3rd quarter worth approximately $60,000. Finally, International Assets Investment Management LLC raised its stake in shares of Western Union by 1,189.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 7,245 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Trading Down 1.8 %

Shares of WU stock opened at $10.89 on Wednesday. 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 $11.27 and a two-hundred day moving average price of $11.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $3.68 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WU. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. UBS Group dropped their target price on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, Western Union presently has an average rating of “Hold” and a consensus target price 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.