Robeco Institutional Asset Management B.V. Grows Holdings in The Western Union Company (NYSE:WU)

Robeco Institutional Asset Management B.V. increased its holdings in The Western Union Company (NYSE:WU - Free Report) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,880,800 shares of the credit services provider's stock after acquiring an additional 84,579 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.56% of Western Union worth $22,438,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP increased its stake 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 buying an additional 895 shares during the period. LRI Investments LLC acquired a new position in Western Union in the 1st quarter valued at $37,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 1,522 shares during the period. Abich Financial Wealth Management LLC increased its stake in 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 buying an additional 1,233 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Western Union by 1,189.7% in the 3rd quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider's stock valued at $94,000 after buying an additional 7,245 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WU shares. Royal Bank of Canada dropped their price objective on shares of Western Union from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 31st. StockNews.com raised shares of Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Citigroup reaffirmed a "neutral" rating and set a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. UBS Group lowered 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. lowered their price target on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.86.

Western Union Price Performance

Shares of Western Union stock traded down $0.15 on Wednesday, hitting $10.84. The company's stock had a trading volume of 6,593,948 shares, compared to its average volume of 4,081,604. The Western Union Company has a 52-week low of $10.69 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. The firm has a fifty day moving average price of $11.69 and a 200-day moving average price of $12.24. The company has a market capitalization of $3.66 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87.

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, beating analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities research analysts expect that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Western Union Company 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.