California State Teachers Retirement System decreased its position in shares of The Western Union Company (NYSE:WU) by 1.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 730,064 shares of the credit services provider’s stock after selling 9,202 shares during the quarter. California State Teachers Retirement System’s holdings in The Western Union were worth $16,916,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. NEXT Financial Group Inc increased its stake in The Western Union by 1,229.8% during the second quarter. NEXT Financial Group Inc now owns 5,984 shares of the credit services provider’s stock worth $119,000 after purchasing an additional 5,534 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of The Western Union during the second quarter worth about $228,000. CAPROCK Group Inc. grew its position in shares of The Western Union by 15.5% during the second quarter. CAPROCK Group Inc. now owns 14,130 shares of the credit services provider’s stock worth $281,000 after buying an additional 1,897 shares in the last quarter. Squar Milner Financial Services LLC grew its position in shares of The Western Union by 297.1% during the second quarter. Squar Milner Financial Services LLC now owns 3,971 shares of the credit services provider’s stock worth $79,000 after buying an additional 2,971 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of The Western Union by 4.0% during the second quarter. Arizona State Retirement System now owns 151,182 shares of the credit services provider’s stock worth $3,007,000 after buying an additional 5,787 shares in the last quarter.
A number of equities analysts have recently commented on the company. Citigroup set a $20.50 price objective on The Western Union and gave the stock a “sell” rating in a research report on Friday, November 1st. SunTrust Banks boosted their price objective on The Western Union to $26.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Guggenheim downgraded The Western Union from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 12th. They noted that the move was a valuation call. Barclays upped their price target on The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Monday, September 30th. Finally, Morgan Stanley set a $20.00 price target on The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.35.
In other news, insider Amintore Schenkel sold 13,361 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.86, for a total value of $305,432.46. Following the completion of the sale, the insider now directly owns 96,839 shares of the company’s stock, valued at $2,213,739.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Summerill sold 2,125 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $27.55, for a total value of $58,543.75. Following the completion of the sale, the insider now directly owns 18,047 shares of the company’s stock, valued at $497,194.85. The disclosure for this sale can be found here. Insiders sold 51,674 shares of company stock valued at $1,268,531 over the last three months. Corporate insiders own 1.33% of the company’s stock.
Shares of WU opened at $26.88 on Monday. The stock has a 50 day moving average price of $25.83 and a 200 day moving average price of $22.24. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.81. The Western Union Company has a 52-week low of $16.42 and a 52-week high of $28.00.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.
The Western Union Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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