Pathstone Holdings LLC Purchases 77,290 Shares of The Western Union Company (NYSE:WU)

Pathstone Holdings LLC raised its holdings in shares of The Western Union Company (NYSE:WU) by 90.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,403 shares of the credit services provider’s stock after purchasing an additional 77,290 shares during the quarter. Pathstone Holdings LLC’s holdings in Western Union were worth $1,937,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. LSV Asset Management increased its position in shares of Western Union by 17.7% during the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock worth $118,985,000 after acquiring an additional 1,462,853 shares in the last quarter. Millennium Management LLC increased its holdings in Western Union by 62.8% during the 2nd quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after purchasing an additional 1,439,310 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Western Union by 52.0% in the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock worth $40,784,000 after purchasing an additional 1,142,400 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Western Union by 5,731.4% in the second quarter. Panagora Asset Management Inc. now owns 787,943 shares of the credit services provider’s stock valued at $9,629,000 after purchasing an additional 774,431 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Western Union by 751.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 722,532 shares of the credit services provider’s stock valued at $8,829,000 after buying an additional 637,702 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WU has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. UBS Group dropped their price target 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. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada decreased their price objective on shares of 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. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.86.

Western Union Stock Down 0.4 %

WU opened at $11.10 on Wednesday. The company’s 50-day moving average price is $11.37 and its two-hundred day moving average price is $11.99. 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 twelve month low of $10.51 and a twelve month high of $14.19. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 1.55 and a beta of 0.87.

Western Union (NYSE:WU) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $0.43 earnings per share. Western Union’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that The Western Union Company will post 1.77 earnings per share for the current year.

Western Union Company 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.