Western Union Company (The) (WU) Shares Sold by Flippin Bruce & Porter Inc.

Flippin Bruce & Porter Inc. trimmed its position in shares of Western Union Company (The) (NYSE:WU) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,806 shares of the credit services provider’s stock after selling 8,985 shares during the period. Flippin Bruce & Porter Inc. owned 0.07% of Western Union Company (The) worth $6,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Architects Inc grew its position in Western Union Company (The) by 2.1% during the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 144 shares in the last quarter. Loudon Investment Management LLC boosted its stake in shares of Western Union Company (The) by 1.4% during the 2nd quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock valued at $213,000 after buying an additional 150 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Western Union Company (The) by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock valued at $341,000 after buying an additional 190 shares during the period. Hanson & Doremus Investment Management boosted its stake in shares of Western Union Company (The) by 0.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock valued at $1,430,000 after buying an additional 239 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Western Union Company (The) by 3.1% during the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after buying an additional 239 shares during the period.

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WU has been the subject of a number of research reports. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Mizuho reissued a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a research note on Sunday, October 15th. Citigroup Inc. lifted their target price on shares of Western Union Company (The) from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Friday, November 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $19.00 target price on shares of Western Union Company (The) in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.14.

In related news, EVP Jean Claude Farah sold 17,518 shares of Western Union Company (The) stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Western Union Company (NYSE:WU) traded down $0.62 during mid-day trading on Tuesday, hitting $19.52. 3,133,700 shares of the company traded hands, compared to its average volume of 4,290,198. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The firm has a market cap of $9,245.56, a price-to-earnings ratio of 10.88, a PEG ratio of 1.91 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last released its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 116.85%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $0.46 EPS. Western Union Company (The)’s quarterly revenue was up 5.0% compared to the same quarter last year. sell-side analysts anticipate that Western Union Company will post 1.83 earnings per share for the current fiscal year.

Western Union Company (The) Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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