The Western Union Company (NYSE:WU) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its position in The Western Union Company (NYSE:WU - Free Report) by 92.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,731 shares of the credit services provider's stock after selling 213,585 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Western Union were worth $199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WU. LSV Asset Management raised its holdings in shares of Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider's stock valued at $118,985,000 after purchasing an additional 1,462,853 shares in the last quarter. Millennium Management LLC increased its holdings in Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider's stock valued at $45,586,000 after buying an additional 1,439,310 shares during the period. Marshall Wace LLP raised its stake in Western Union by 52.0% in the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider's stock worth $40,784,000 after buying an additional 1,142,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Western Union by 4.7% during the third 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 buying an additional 84,579 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Western Union by 4.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider's stock valued at $12,647,000 after acquiring an additional 39,739 shares in the last quarter. Institutional investors own 91.81% of the company's stock.

Western Union Stock Down 1.8 %

Shares of WU traded down $0.21 during mid-day trading on Tuesday, hitting $10.89. 2,891,047 shares of the company traded hands, compared to its average volume of 4,089,695. The business has a 50 day moving average of $11.27 and a 200 day moving average of $11.90. The company has a market capitalization of $3.68 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. 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 Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19.

Western Union (NYSE:WU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. Equities research analysts anticipate that The Western Union Company will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. 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 research report on Tuesday, August 20th. StockNews.com upgraded shares of Western Union from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Finally, UBS Group lowered their price target on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.