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982,860 Shares in The Western Union Company (NYSE:WU) Acquired by Hotchkis & Wiley Capital Management LLC

Western Union logo with Business Services background

Hotchkis & Wiley Capital Management LLC acquired a new position in shares of The Western Union Company (NYSE:WU - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 982,860 shares of the credit services provider's stock, valued at approximately $11,726,000. Hotchkis & Wiley Capital Management LLC owned about 0.29% of Western Union at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WU. True Wealth Design LLC acquired a new position in shares of Western Union in the 3rd quarter valued at $25,000. Quarry LP raised its stake in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Western Union by 89.3% in 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 acquiring an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in Western Union by 31.1% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider's stock worth $53,000 after buying an additional 1,024 shares during the period. Finally, Tompkins Financial Corp bought a new position in Western Union in the 3rd quarter worth approximately $60,000. 91.81% of the stock is currently owned by institutional investors.

Western Union Trading Down 1.3 %

NYSE:WU traded down $0.15 during trading hours on Wednesday, hitting $10.75. 3,986,451 shares of the company were exchanged, compared to its average volume of 4,089,255. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The Western Union Company has a one year low of $10.51 and a one year high of $14.19. The company has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $11.89.

Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings results 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. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts expect that The Western Union Company will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WU. JPMorgan Chase & Co. decreased their price objective on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a report on Tuesday, August 20th. StockNews.com raised Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Finally, UBS Group decreased their price target 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. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.86.

Get Our Latest Analysis on Western Union

Western Union Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Western Union (NYSE:WU)

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