Pathstone Holdings LLC Grows Stock Position in The Western Union Company (NYSE:WU)

Pathstone Holdings LLC grew its position in The Western Union Company (NYSE:WU - Free Report) by 90.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 162,403 shares of the credit services provider's stock after buying an additional 77,290 shares during the period. Pathstone Holdings LLC's holdings in Western Union were worth $1,937,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Quarry LP grew its position in shares of Western Union by 52.9% during 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. LRI Investments LLC acquired a new position in Western Union during the 1st quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. lifted its position in Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 1,522 shares during the period. Abich Financial Wealth Management LLC increased its stake 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 purchasing an additional 1,233 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of Western Union during the 3rd quarter worth about $60,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on WU. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Royal Bank of Canada dropped their target price on shares of Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a report on Wednesday, July 31st. UBS Group decreased their price target 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. Finally, JPMorgan Chase & Co. dropped 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 note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.86.

Western Union Stock Performance

Shares of Western Union stock opened at $11.10 on Wednesday. The business's fifty day simple moving average is $11.35 and its 200-day simple moving average is $11.98. The firm has a market cap of $3.75 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The Western Union Company has a 52 week low of $10.51 and a 52 week high of $14.19. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU - Get Free Report) last announced its 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts forecast that The Western Union Company will post 1.77 earnings per share for the current year.

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.