Moran Wealth Management LLC Purchases Shares of 212,536 The Western Union Company (NYSE:WU)

Moran Wealth Management LLC purchased a new position in shares of The Western Union Company (NYSE:WU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 212,536 shares of the credit services provider's stock, valued at approximately $2,536,000. Moran Wealth Management LLC owned 0.06% of Western Union as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP increased its position in 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 during the period. National Bank of Canada FI boosted its holdings in Western Union by 1.1% in the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider's stock valued at $979,000 after purchasing an additional 896 shares in the last quarter. Dakota Wealth Management boosted its holdings in Western Union by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider's stock valued at $685,000 after purchasing an additional 979 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Western Union by 31.1% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider's stock worth $53,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Western Union by 4.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider's stock worth $331,000 after acquiring an additional 1,091 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Western Union Price Performance

Shares of NYSE WU traded up $0.20 during mid-day trading on Friday, reaching $11.06. 4,285,403 shares of the company traded hands, compared to its average volume of 4,112,831. The firm has a market cap of $3.74 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The Western Union Company has a fifty-two week low of $10.51 and a fifty-two week 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. The stock has a fifty day simple moving average of $11.40 and a 200-day simple moving average of $12.04.

Western Union (NYSE:WU - Get Free Report) last released its 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 company 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 was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities research analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WU has been the subject of a number of research analyst reports. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a report on Friday, October 25th. UBS Group decreased their price target on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on shares of Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a research report 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.86.

About Western Union

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.