Kestra Investment Management LLC Makes New $974,000 Investment in The Western Union Company (NYSE:WU)

Kestra Investment Management LLC bought a new stake in The Western Union Company (NYSE:WU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 81,639 shares of the credit services provider's stock, valued at approximately $974,000.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management increased its position in shares of Western Union by 17.7% during the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider's stock worth $118,985,000 after acquiring an additional 1,462,853 shares in the last quarter. Millennium Management LLC increased its position in shares of 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 worth $45,586,000 after acquiring an additional 1,439,310 shares in the last quarter. Marshall Wace LLP increased its position in shares of Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider's stock worth $40,784,000 after acquiring an additional 1,142,400 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of 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 acquiring an additional 84,579 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Western Union by 4.0% during the second quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider's stock worth $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 Performance

WU stock traded up $0.02 during trading hours on Monday, reaching $11.03. The stock had a trading volume of 1,172,107 shares, compared to its average volume of 4,084,514. The stock has a market capitalization of $3.73 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $11.31 and a 200 day simple moving average of $11.93. The Western Union Company has a fifty-two week low of $10.51 and a fifty-two week high of $14.19.

Western Union (NYSE:WU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The business 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%. Western Union's revenue 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. Analysts predict that The Western Union Company will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Western Union from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. UBS Group reduced their target price on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Western Union has a consensus rating of "Hold" and a consensus 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.