Ameriprise Financial Inc. Raises Stake in Western Union Co. (WU)
Ameriprise Financial Inc. raised its position in Western Union Co. (NYSE:WU) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,143 shares of the company’s stock after buying an additional 7,452 shares during the period. Ameriprise Financial Inc. owned about 0.05% of Western Union worth $4,840,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Seven Eight Capital LLC purchased a new stake in Western Union during the first quarter worth approximately $105,000. Checchi Capital Advisers LLC raised its stake in Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Western Union during the second quarter worth approximately $109,000. Loomis Sayles & Co. L P raised its stake in Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in Western Union during the second quarter worth approximately $207,000.
Western Union Co. (NYSE:WU) traded up 1.00% during mid-day trading on Friday, reaching $20.12. 2,953,056 shares of the company were exchanged. The stock has a 50-day moving average price of $20.65 and a 200 day moving average price of $19.99. The company has a market capitalization of $9.81 billion, a PE ratio of 12.11 and a beta of 1.19. Western Union Co. has a one year low of $16.02 and a one year high of $21.80.
Western Union (NYSE:WU) last announced its earnings results on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts predict that Western Union Co. will post $1.65 EPS for the current year.
Several brokerages recently issued reports on WU. Monness Crespi & Hardt lowered shares of Western Union from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research note on Thursday, September 8th. Vetr lowered shares of Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 target price on the stock. in a research note on Monday, August 29th. Zacks Investment Research lowered shares of Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Morgan Stanley reissued an “underweight” rating and set a $17.00 target price on shares of Western Union in a research note on Tuesday, August 23rd. Finally, Barclays PLC lowered shares of Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a research note on Thursday, July 7th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Western Union has an average rating of “Hold” and an average target price of $18.91.
In related news, EVP Odilon Almeida sold 18,064 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $21.57, for a total value of $389,640.48. Following the transaction, the executive vice president now owns 72,560 shares in the company, valued at approximately $1,565,119.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Betsy D. Holden sold 21,281 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now owns 93,826 shares in the company, valued at approximately $1,972,222.52. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Western Union Company Profile
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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