TCTC Holdings LLC Sells 2,650 Shares of The Western Union Company (NYSE:WU)

TCTC Holdings LLC decreased its stake in The Western Union Company (NYSE:WU) by 13.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,850 shares of the credit services provider’s stock after selling 2,650 shares during the period. TCTC Holdings LLC’s holdings in Western Union were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WU. Quarry LP increased its holdings 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 in the last quarter. LRI Investments LLC acquired a new position in shares of Western Union during the 1st quarter valued at $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 acquiring an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in Western Union by 59.9% in the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 1,233 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Western Union by 1,189.7% in the third quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 7,245 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

Western Union Stock Down 0.1 %

WU opened at $10.70 on Friday. The Western Union Company has a fifty-two week low of $10.63 and a fifty-two week high of $14.19. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day moving average is $11.64 and its 200 day moving average is $12.20. The firm has a market capitalization of $3.61 billion, a P/E ratio of 5.49, a PEG ratio of 1.50 and a beta of 0.87.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.04 billion for 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 company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Research analysts expect that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WU shares. Royal Bank of Canada reduced their target price 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. reduced their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Citigroup reaffirmed a “neutral” rating and set a $13.00 target price on shares of Western Union in a research report on Wednesday, July 17th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, UBS Group lowered their price objective 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. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, Western Union currently has a consensus rating of “Hold” and a consensus target price of $12.86.

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.