CWA Asset Management Group LLC Buys Shares of 80,191 The Western Union Company (NYSE:WU)

CWA Asset Management Group LLC acquired a new stake in The Western Union Company (NYSE:WU - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 80,191 shares of the credit services provider's stock, valued at approximately $957,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP grew its position in Western Union by 52.9% during the second quarter. Quarry LP now owns 2,588 shares of the credit services provider's stock worth $32,000 after buying an additional 895 shares in the last quarter. LRI Investments LLC purchased a new stake in Western Union during the 1st quarter valued at $37,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Western Union by 89.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider's stock valued at $39,000 after buying an additional 1,522 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Western Union by 59.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider's stock valued at $46,000 after buying an additional 1,233 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Western Union by 1,189.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider's stock valued at $94,000 after buying an additional 7,245 shares during the period. Institutional investors own 91.81% of the company's stock.

Western Union Stock Performance

WU stock traded down $0.06 during trading on Monday, reaching $10.64. The company had a trading volume of 2,277,219 shares, compared to its average volume of 4,083,801. The firm has a 50-day simple moving average of $11.64 and a 200-day simple moving average of $12.19. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. The Western Union Company has a twelve month low of $10.63 and a twelve month high of $14.19.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, sell-side analysts expect that The Western Union Company will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on WU. 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 report on Thursday, October 24th. StockNews.com raised Western Union from a "sell" rating to a "hold" rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a report on Tuesday, August 20th. Citigroup reissued a "neutral" rating and set a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. Finally, Royal Bank of Canada lowered their price target on shares of Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.86.

Western Union 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.