The Western Union Company (NYSE:WU) Shares Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC boosted its stake in The Western Union Company (NYSE:WU) by 7.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,759 shares of the credit services provider’s stock after purchasing an additional 3,958 shares during the period. Elevated Capital Advisors LLC’s holdings in Western Union were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes 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 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% during the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock worth $979,000 after purchasing an additional 896 shares during the period. Dakota Wealth Management increased its position in Western Union by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock worth $685,000 after purchasing an additional 979 shares during the period. Abich Financial Wealth Management LLC boosted its stake 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 worth $53,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted 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 in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analysts Set New Price Targets

WU has been the topic of several research analyst reports. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased 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. Citigroup reissued a “neutral” rating and set a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada decreased their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.00.

Western Union Price Performance

WU stock opened at $11.55 on Thursday. The Western Union Company has a 1 year low of $10.92 and a 1 year high of $14.19. The firm has a market cap of $3.90 billion, a P/E ratio of 7.09, a PEG ratio of 1.74 and a beta of 0.86. The stock’s 50 day moving average price is $11.87 and its 200 day moving average price is $12.39. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.05 and a current ratio of 1.05.

Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Western Union had a return on equity of 123.71% and a net margin of 13.64%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $0.51 EPS. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, sell-side analysts expect that The Western Union Company will post 1.76 earnings per share for the current fiscal 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.