Rockefeller Capital Management L.P. Sells 178,774 Shares of The Western Union Company (NYSE:WU)

Rockefeller Capital Management L.P. lessened its stake in The Western Union Company (NYSE:WU - Free Report) by 70.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,010 shares of the credit services provider's stock after selling 178,774 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Western Union were worth $907,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WU. Clifford Capital Partners LLC raised its holdings in Western Union by 4.9% in the third quarter. Clifford Capital Partners LLC now owns 60,974 shares of the credit services provider's stock worth $727,000 after purchasing an additional 2,845 shares during the period. Bridgewater Associates LP increased its position in shares of Western Union by 31.1% in the 3rd quarter. Bridgewater Associates LP now owns 373,410 shares of the credit services provider's stock valued at $4,455,000 after buying an additional 88,498 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Western Union during the 3rd quarter worth $178,000. Quantbot Technologies LP bought a new position in Western Union during the third quarter worth about $3,663,000. Finally, Qsemble Capital Management LP acquired a new position in Western Union in the third quarter valued at about $196,000. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WU. UBS Group dropped their price target 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. Keefe, Bruyette & Woods cut their price target on shares of Western Union from $13.00 to $12.00 and set a "market perform" rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price target 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. Finally, StockNews.com upgraded shares of Western Union from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.75.

Western Union Stock Up 1.2 %

WU stock traded up $0.13 during midday trading on Monday, hitting $10.93. The company's stock had a trading volume of 5,781,044 shares, compared to its average volume of 4,096,043. The company's fifty day moving average price is $11.17 and its 200 day moving average price is $11.84. The Western Union Company has a twelve month low of $10.51 and a twelve 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. The stock has a market capitalization of $3.69 billion, a P/E ratio of 5.61, a PEG ratio of 1.51 and a beta of 0.86.

Western Union (NYSE:WU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.04 billion during 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%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. As a group, equities research analysts predict that The Western Union Company will post 1.77 EPS 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.