Victory Capital Management Inc. Sells 9,275 Shares of The Western Union Company (NYSE:WU)

Victory Capital Management Inc. lowered its position in The Western Union Company (NYSE:WU) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,025,668 shares of the credit services provider’s stock after selling 9,275 shares during the quarter. Victory Capital Management Inc. owned 0.30% of Western Union worth $12,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WU. Quarry LP lifted its holdings in shares of Western Union by 52.9% in 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 in the last quarter. National Bank of Canada FI raised its position in Western Union by 1.1% in the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock valued at $979,000 after buying an additional 896 shares during the last quarter. Dakota Wealth Management raised its position in Western Union by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock valued at $685,000 after buying an additional 979 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in Western Union by 31.1% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock valued at $53,000 after buying an additional 1,024 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Western Union by 4.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock valued at $331,000 after buying an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Price Performance

WU opened at $10.73 on Thursday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. The Western Union Company has a 52-week low of $10.51 and a 52-week high of $14.19. The stock has a market capitalization of $3.62 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. The stock’s 50 day moving average price is $11.44 and its 200-day moving average price is $12.06.

Western Union (NYSE:WU) last released its quarterly earnings results 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. On average, equities research analysts predict that The Western Union Company will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on WU. Royal Bank of Canada lowered their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price 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. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, UBS Group decreased 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. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Western Union presently has an average rating of “Hold” and a consensus price target of $12.86.

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.