The Western Union Company (NYSE:WU) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in The Western Union Company (NYSE:WU - Free Report) by 82.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,355 shares of the credit services provider's stock after buying an additional 61,617 shares during the period. Y Intercept Hong Kong Ltd's holdings in Western Union were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WU. MML Investors Services LLC increased its stake in Western Union by 17.0% in the third quarter. MML Investors Services LLC now owns 29,204 shares of the credit services provider's stock valued at $348,000 after purchasing an additional 4,247 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Western Union during the third quarter worth about $734,000. National Bank of Canada FI increased its stake in shares of Western Union by 9.0% during the third quarter. National Bank of Canada FI now owns 88,083 shares of the credit services provider's stock worth $1,051,000 after acquiring an additional 7,270 shares during the period. State Street Corp boosted its holdings in Western Union by 0.4% during the third quarter. State Street Corp now owns 12,926,192 shares of the credit services provider's stock worth $154,209,000 after buying an additional 52,081 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Western Union by 13.5% during the third quarter. Quantinno Capital Management LP now owns 38,328 shares of the credit services provider's stock worth $457,000 after buying an additional 4,552 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on WU shares. Keefe, Bruyette & Woods decreased their price objective on shares of Western Union from $13.00 to $12.00 and set a "market perform" rating on the stock in a report on Monday. UBS Group dropped their price objective on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 24th. StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.75.

Western Union Stock Down 0.9 %

WU stock traded down $0.10 during trading on Wednesday, reaching $10.87. The stock had a trading volume of 7,283,960 shares, compared to its average volume of 4,110,042. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The firm has a fifty day moving average price of $11.14 and a 200 day moving average price of $11.82. The company has a market capitalization of $3.67 billion, a P/E ratio of 5.57, a PEG ratio of 1.51 and a beta of 0.86. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19.

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 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. Western Union's revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that The Western Union Company will post 1.77 earnings per share for the current year.

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.