The Western Union Company (NYSE:WU) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in shares of The Western Union Company (NYSE:WU - Free Report) by 23.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 162,112 shares of the credit services provider's stock after selling 50,650 shares during the period. Amalgamated Bank's holdings in Western Union were worth $1,934,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WU. Robeco Institutional Asset Management B.V. grew its holdings in Western Union by 4.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,880,800 shares of the credit services provider's stock worth $22,438,000 after acquiring an additional 84,579 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Western Union by 13.8% during the third quarter. Van ECK Associates Corp now owns 403,643 shares of the credit services provider's stock valued at $4,662,000 after purchasing an additional 49,036 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Western Union by 2,062.3% during the third quarter. Farther Finance Advisors LLC now owns 24,348 shares of the credit services provider's stock valued at $290,000 after purchasing an additional 23,222 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Western Union during the third quarter valued at approximately $401,000. Finally, Insight Folios Inc raised its stake in Western Union by 11.0% in the third quarter. Insight Folios Inc now owns 466,494 shares of the credit services provider's stock worth $5,565,000 after buying an additional 46,087 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on WU shares. Citigroup restated 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 reduced their target price on Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 20th. Royal Bank of Canada reduced their price objective on Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded Western Union from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.86.

Western Union Stock Up 0.0 %

WU stock traded up $0.01 during midday trading on Wednesday, hitting $10.62. The company's stock had a trading volume of 3,576,860 shares, compared to its average volume of 4,093,282. The firm has a 50-day simple moving average of $11.54 and a 200-day simple moving average of $12.14. The firm has a market capitalization of $3.59 billion, a P/E ratio of 5.44, a PEG ratio of 1.49 and a beta of 0.87. 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 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 announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.43 EPS. Western Union's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts forecast 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.