Moran Wealth Management LLC Takes Position in The Western Union Company (NYSE:WU)

Moran Wealth Management LLC purchased a new position in shares of The Western Union Company (NYSE:WU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 212,536 shares of the credit services provider’s stock, valued at approximately $2,536,000. Moran Wealth Management LLC owned 0.06% of Western Union at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Western Union by 52.9% in the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 895 shares during the period. National Bank of Canada FI boosted its position in Western Union by 1.1% in the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock valued at $979,000 after buying an additional 896 shares during the last quarter. Dakota Wealth Management grew its stake in shares of Western Union by 1.8% during the second quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock valued at $685,000 after acquiring an additional 979 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Western Union by 31.1% during the second quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Western Union by 4.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock worth $331,000 after acquiring an additional 1,091 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on WU shares. Royal Bank of Canada decreased their price target on 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. JPMorgan Chase & Co. decreased their target price on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. UBS Group reduced their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com upgraded 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 issued a hold rating to the company. Based on data from MarketBeat.com, Western Union presently has a consensus rating of “Hold” and an average price target of $12.86.

Western Union Stock Up 1.4 %

Shares of Western Union stock opened at $10.88 on Friday. The stock has a market cap of $3.67 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 1.51 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 company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The business has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $12.05.

Western Union (NYSE:WU) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share 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 analysts’ expectations of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Research analysts predict that The Western Union Company will post 1.77 EPS for the current year.

About Western Union

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.