Empowered Funds LLC Has $184,000 Holdings in The Western Union Company (NYSE:WU)

Empowered Funds LLC grew its stake in The Western Union Company (NYSE:WU) by 52.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,433 shares of the credit services provider’s stock after buying an additional 5,292 shares during the period. Empowered Funds LLC’s holdings in Western Union were worth $184,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. LSV Asset Management increased its position in shares of Western Union by 17.7% during the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after purchasing an additional 1,462,853 shares during the period. Millennium Management LLC lifted its holdings in shares of Western Union by 62.8% during the 2nd quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after acquiring an additional 1,439,310 shares during the period. Marshall Wace LLP boosted its position in shares of Western Union by 52.0% during the 2nd quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock valued at $40,784,000 after acquiring an additional 1,142,400 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Western Union by 4.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,880,800 shares of the credit services provider’s stock worth $22,438,000 after purchasing an additional 84,579 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Western Union by 4.0% during the second quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider’s stock worth $12,647,000 after purchasing an additional 39,739 shares during the period. Institutional investors own 91.81% of the company’s stock.

Western Union Stock Down 0.4 %

Shares of NYSE:WU opened at $11.10 on Wednesday. The business has a fifty day simple moving average of $11.37 and a 200 day simple moving average of $11.99. The Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. The firm has a market cap of $3.75 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS 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 firm posted $0.43 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. Analysts predict that The Western Union Company will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WU. JPMorgan Chase & Co. dropped their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada dropped their price target on 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 price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.86.

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.