Atria Investments Inc Trims Holdings in The Western Union Company (NYSE:WU)

Atria Investments Inc reduced its holdings in shares of The Western Union Company (NYSE:WU) by 30.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,894 shares of the credit services provider’s stock after selling 8,415 shares during the period. Atria Investments Inc’s holdings in Western Union were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its stake in shares of Western Union by 52.9% during the second 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 last quarter. LRI Investments LLC acquired a new stake in shares of Western Union in the 1st quarter worth $37,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Western Union by 89.3% in 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 acquiring an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Western Union by 59.9% during the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 1,233 shares during the period. Finally, Tompkins Financial Corp purchased a new position in Western Union during the third quarter worth about $60,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WU. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. UBS Group dropped their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. 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 research report on Tuesday, August 20th. Finally, Royal Bank of Canada lowered their price target on shares of 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 eight have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.86.

Western Union Stock Performance

Shares of WU opened at $11.06 on Friday. The Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. The stock has a market cap of $3.74 billion, a P/E ratio of 5.67, a PEG ratio of 1.52 and a beta of 0.87. 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 of $11.38 and a two-hundred day moving average of $12.03.

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