Intech Investment Management LLC Raises Holdings in The Western Union Company (NYSE:WU)

Intech Investment Management LLC lifted its position in shares of The Western Union Company (NYSE:WU - Free Report) by 1,735.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 275,227 shares of the credit services provider's stock after acquiring an additional 260,236 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of Western Union worth $3,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP lifted its holdings in Western Union by 52.9% during the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider's stock worth $32,000 after purchasing an additional 895 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Western Union in the 1st quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 raised its holdings in shares of Western Union by 59.9% in 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 acquiring an additional 1,233 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of Western Union in the 3rd quarter valued at about $60,000. Institutional investors own 91.81% of the company's stock.

Analysts Set New Price Targets

WU has been the topic of several recent research reports. UBS Group cut their price objective on Western Union from $13.50 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Royal Bank of Canada lowered their target price on Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, Western Union presently has an average rating of "Hold" and an average target price of $12.86.

Western Union Trading Up 1.8 %

Shares of WU traded up $0.20 during mid-day trading on Friday, reaching $11.06. 4,300,358 shares of the company's stock traded hands, compared to its average volume of 4,612,694. The stock has a market cap of $3.74 billion, a P/E ratio of 5.67, a P/E/G ratio of 1.55 and a beta of 0.87. The stock's 50-day moving average is $11.38 and its two-hundred day moving average is $12.02. The Western Union Company has a 12 month low of $10.51 and a 12 month high of $14.19. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations 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 was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Research analysts forecast 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.