Glenmede Trust Co. NA Sells 762,832 Shares of The Western Union Company (NYSE:WU)

Glenmede Trust Co. NA lessened its holdings in The Western Union Company (NYSE:WU - Free Report) by 77.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,962 shares of the credit services provider's stock after selling 762,832 shares during the quarter. Glenmede Trust Co. NA owned about 0.07% of Western Union worth $2,648,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bridgewater Associates LP increased its holdings in shares of Western Union by 31.1% during the third quarter. Bridgewater Associates LP now owns 373,410 shares of the credit services provider's stock valued at $4,455,000 after acquiring an additional 88,498 shares in the last quarter. Townsquare Capital LLC bought a new stake in Western Union during the 3rd quarter valued at about $178,000. Quantbot Technologies LP purchased a new position in Western Union in the third quarter worth about $3,663,000. Qsemble Capital Management LP bought a new position in shares of Western Union in the third quarter worth approximately $196,000. Finally, Penserra Capital Management LLC grew its holdings in shares of Western Union by 1.7% during the third quarter. Penserra Capital Management LLC now owns 401,890 shares of the credit services provider's stock valued at $4,794,000 after buying an additional 6,612 shares during the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on WU shares. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a report on Tuesday, August 20th. Finally, UBS Group lowered their target price on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Western Union presently has an average rating of "Hold" and an average price target of $12.86.

Western Union Stock Performance

Shares of Western Union stock traded down $0.01 during trading hours on Friday, reaching $11.01. 1,359,790 shares of the stock traded hands, compared to its average volume of 4,222,706. The Western Union Company has a one year low of $10.51 and a one year high of $14.19. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 5.65, a P/E/G ratio of 1.54 and a beta of 0.87. 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 50 day moving average price of $11.31 and a 200 day moving average price of $11.94.

Western Union (NYSE:WU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The company'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 firm posted $0.43 EPS. On average, equities research analysts expect that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

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.