The Western Union Company (NYSE:WU) Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its position in The Western Union Company (NYSE:WU - Free Report) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 523,676 shares of the credit services provider's stock after buying an additional 83,715 shares during the quarter. Citigroup Inc. owned 0.16% of Western Union worth $6,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management increased its holdings in 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 buying an additional 1,462,853 shares during the period. Millennium Management LLC increased its holdings in shares of Western Union by 62.8% in the 2nd quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider's stock valued at $45,586,000 after acquiring an additional 1,439,310 shares during the period. Marshall Wace LLP raised its position in shares of Western Union by 52.0% in the 2nd quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider's stock worth $40,784,000 after acquiring an additional 1,142,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Western Union by 4.7% during the 3rd 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 purchasing an additional 84,579 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Western Union by 4.0% during the second quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider's stock valued at $12,647,000 after purchasing an additional 39,739 shares in the last quarter. Institutional investors own 91.81% of the company's stock.

Western Union Stock Performance

Shares of NYSE:WU traded up $0.06 during trading on Monday, hitting $11.08. 3,473,631 shares of the stock traded hands, compared to its average volume of 4,094,862. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The company has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.91. The Western Union Company has a 52-week low of $10.51 and a 52-week high of $14.19. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 5.68, a P/E/G ratio of 1.54 and a beta of 0.86.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. Western Union's revenue for the quarter 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. As a group, equities analysts predict that The Western Union Company will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

WU has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective 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 research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.