The Western Union Company (NYSE:WU) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of The Western Union Company (NYSE:WU) by 293.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,002 shares of the credit services provider’s stock after purchasing an additional 147,658 shares during the quarter. Kingsview Wealth Management LLC owned 0.06% of Western Union worth $2,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WU. Citigroup Inc. lifted its position in Western Union by 19.0% during the 3rd quarter. Citigroup Inc. now owns 523,676 shares of the credit services provider’s stock worth $6,247,000 after acquiring an additional 83,715 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Western Union during the third quarter worth $8,124,000. Intech Investment Management LLC boosted its stake in shares of Western Union by 1,735.9% in the third quarter. Intech Investment Management LLC now owns 275,227 shares of the credit services provider’s stock valued at $3,283,000 after purchasing an additional 260,236 shares during the period. Moran Wealth Management LLC acquired a new stake in Western Union during the 3rd quarter valued at $2,536,000. Finally, Darwin Wealth Management LLC acquired a new stake in Western Union during the 3rd quarter valued at $185,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Price Performance

Shares of NYSE WU opened at $11.06 on Monday. 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 firm has a market capitalization of $3.74 billion, a PE ratio of 5.67, a P/E/G ratio of 1.55 and a beta of 0.87. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19. The business’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $12.02.

Western Union (NYSE:WU) last issued 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. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.43 EPS. Western Union’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts expect that The Western Union Company will post 1.77 EPS for the current year.

Analysts Set New Price Targets

WU has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company 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 report on Tuesday, August 20th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock presently 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.