Kingsview Wealth Management LLC Raises Position in The Western Union Company (NYSE:WU)

Kingsview Wealth Management LLC raised its stake in The Western Union Company (NYSE:WU - Free Report) by 293.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,002 shares of the credit services provider's stock after purchasing an additional 147,658 shares during the quarter. Kingsview Wealth Management LLC owned 0.06% of Western Union worth $2,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Quarry LP raised its stake 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 worth $32,000 after purchasing an additional 895 shares during the period. National Bank of Canada FI increased its position in Western Union by 1.1% in the second quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider's stock worth $979,000 after buying an additional 896 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Western Union by 1.8% in the second quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider's stock valued at $685,000 after buying an additional 979 shares during the period. Abich Financial Wealth Management LLC lifted its position 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 valued at $53,000 after buying an additional 1,024 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew 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 during the period. 91.81% of the stock is currently owned by institutional investors.

Western Union Price Performance

Western Union stock traded up $0.09 during midday trading on Monday, hitting $11.15. 4,295,118 shares of the company's stock were exchanged, compared to its average volume of 4,115,614. The company has a market cap of $3.77 billion, a P/E ratio of 5.71, a PEG ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $11.38 and a two-hundred day moving average price of $12.01. The Western Union Company has a 52-week low of $10.51 and a 52-week high of $14.19.

Western Union (NYSE:WU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Western Union's revenue was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that The Western Union Company will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on WU. UBS Group dropped their price objective on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, October 24th. StockNews.com upgraded shares of Western Union from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada reduced their price target on 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. Three investment 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, Western Union has a consensus 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.