International Assets Investment Management LLC Buys 7,245 Shares of The Western Union Company (NYSE:WU)

International Assets Investment Management LLC raised its position in shares of The Western Union Company (NYSE:WU) by 1,189.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,854 shares of the credit services provider’s stock after purchasing an additional 7,245 shares during the period. International Assets Investment Management LLC’s holdings in Western Union were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WU. Quarry LP grew its position in shares of Western Union by 52.9% in the second 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 in the last quarter. LRI Investments LLC bought a new stake in shares of Western Union during the first quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,522 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Western Union by 59.9% in the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after buying an additional 1,233 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Western Union in the second quarter valued at approximately $141,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on WU shares. Royal Bank of Canada cut their price target on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. UBS Group reduced their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Western Union in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, Western Union has a consensus rating of “Hold” and a consensus price target of $12.86.

Western Union Stock Performance

Shares of NYSE:WU opened at $10.71 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The company has a 50-day moving average price of $11.67 and a 200-day moving average price of $12.23. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87. The Western Union Company has a 12 month low of $10.68 and a 12 month high of $14.19.

Western Union (NYSE:WU) last released its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping 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 analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.43 EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that The Western Union Company will post 1.77 EPS for the current 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.