Janney Montgomery Scott LLC Sells 12,150 Shares of The Western Union Company (NYSE:WU)

Janney Montgomery Scott LLC lessened its position in shares of The Western Union Company (NYSE:WU) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,596 shares of the credit services provider’s stock after selling 12,150 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Western Union worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Quarry LP boosted 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 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 1st quarter worth $37,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 buying an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in 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 valued at $46,000 after acquiring an additional 1,233 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Western Union by 1,189.7% during the third quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 7,245 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Trading Down 0.7 %

Shares of WU stock opened at $10.62 on Tuesday. The Western Union Company has a 1-year low of $10.62 and a 1-year high of $14.19. 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 stock has a market cap of $3.59 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 1.50 and a beta of 0.87. The stock has a 50-day moving average of $11.64 and a 200-day moving average of $12.19.

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

Analysts Set New Price Targets

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

Western Union Company 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.