Quantbot Technologies LP Acquires Shares of 307,074 The Western Union Company (NYSE:WU)

Quantbot Technologies LP bought a new position in The Western Union Company (NYSE:WU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 307,074 shares of the credit services provider’s stock, valued at approximately $3,663,000. Quantbot Technologies LP owned approximately 0.09% of Western Union at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WU. LSV Asset Management grew its holdings in shares of Western Union by 17.7% during the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after purchasing an additional 1,462,853 shares during the last quarter. Millennium Management LLC lifted its stake in Western Union by 62.8% in the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock valued at $45,586,000 after buying an additional 1,439,310 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock valued at $40,784,000 after acquiring an additional 1,142,400 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Western Union by 4.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,880,800 shares of the credit services provider’s stock worth $22,438,000 after acquiring an additional 84,579 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Western Union by 4.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider’s stock worth $12,647,000 after acquiring an additional 39,739 shares during the period. 91.81% of the stock is currently owned by institutional investors.

Western Union Trading Down 0.7 %

Shares of Western Union stock opened at $11.02 on Thursday. The business has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $11.98. The Western Union Company has a fifty-two week low of $10.51 and a fifty-two week high of $14.19. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last posted its quarterly earnings data 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 company 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 for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. On average, equities analysts forecast that The Western Union Company will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WU shares. Royal Bank of Canada dropped their price target on shares of 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. UBS Group lowered their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. 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 research report on Tuesday, August 20th. Finally, StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.