UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 963,199 Shares of The Western Union Company (NYSE:WU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in The Western Union Company (NYSE:WU - Free Report) by 37.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,631,221 shares of the credit services provider's stock after selling 963,199 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of Western Union worth $19,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP increased its position in Western Union by 52.9% during the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 895 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Western Union by 89.3% during 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 purchasing an additional 1,522 shares during the period. Abich Financial Wealth Management LLC increased its position in 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 purchasing an additional 1,024 shares during the period. Tompkins Financial Corp purchased a new position in Western Union during the 3rd quarter valued at $60,000. Finally, International Assets Investment Management LLC increased its position in Western Union by 1,189.7% during 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 purchasing an additional 7,245 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Western Union Stock Down 0.9 %

Western Union stock traded down $0.10 during mid-day trading on Friday, reaching $10.79. The stock had a trading volume of 4,018,870 shares, compared to its average volume of 4,088,889. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 1.51 and a beta of 0.86. The company has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $11.87. The Western Union Company has a one year low of $10.51 and a one year 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.

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. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. Western Union's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, analysts expect that The Western Union Company will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WU. JPMorgan Chase & Co. reduced their target price on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 20th. UBS Group reduced their target price on shares of Western Union from $13.50 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Western Union from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. 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 stock presently has a consensus rating of "Hold" and an average target price of $12.86.

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.