Kestra Investment Management LLC Invests $974,000 in The Western Union Company (NYSE:WU)

Kestra Investment Management LLC bought a new stake in The Western Union Company (NYSE:WU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,639 shares of the credit services provider’s stock, valued at approximately $974,000.

Several other hedge funds also recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in Western Union during the third quarter worth about $25,000. Quarry LP lifted its position in shares of 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 buying an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Western Union by 89.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,522 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Western Union by 31.1% in the second quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Western Union in the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WU shares. UBS Group cut their price objective on 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 upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.86.

Western Union Stock Down 0.1 %

WU stock opened at $11.01 on Monday. The Western Union Company has a fifty-two week low of $10.51 and a fifty-two week high of $14.19. The stock has a fifty day moving average of $11.31 and a 200-day moving average of $11.93. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 1.54 and a beta of 0.86. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10.

Western Union (NYSE:WU) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts predict that The Western Union Company will post 1.77 earnings per share 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.