The Western Union Company (NYSE:WU) Shares Bought by Algert Global LLC

Algert Global LLC grew its position in shares of The Western Union Company (NYSE:WU - Free Report) by 48.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,904 shares of the credit services provider's stock after buying an additional 93,280 shares during the period. Algert Global LLC owned 0.08% of Western Union worth $3,399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WU. Quarry LP raised its stake in shares of Western Union by 52.9% during the 2nd 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 raised its stake in shares of Western Union by 1.1% during 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 purchasing an additional 896 shares during the period. Dakota Wealth Management raised its stake in shares of Western Union by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider's stock valued at $685,000 after purchasing an additional 979 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Western Union by 31.1% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider's stock valued at $53,000 after purchasing an additional 1,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Western Union by 4.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider's stock valued at $331,000 after purchasing an additional 1,091 shares during the period. Hedge funds and other institutional investors own 91.81% of the company's stock.

Western Union Trading Down 0.4 %

WU stock traded down $0.05 during trading on Tuesday, hitting $11.10. 3,313,685 shares of the company traded hands, compared to its average volume of 4,112,112. The firm has a market capitalization of $3.75 billion, a PE ratio of 5.72, 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 company has a 50-day moving average of $11.37 and a 200-day moving average of $11.99. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10.

Western Union (NYSE:WU - Get Free Report) last issued 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 company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. Western Union's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Analysts predict that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. UBS Group decreased their target price 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. Royal Bank of Canada decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.