Axa boosted its stake in The Western Union Company (NYSE:WU) by 29.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,348,198 shares of the credit services provider’s stock after buying an additional 528,800 shares during the quarter. Axa’s holdings in The Western Union were worth $44,757,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WU. Exane Derivatives increased its holdings in shares of The Western Union by 40.6% in the 3rd quarter. Exane Derivatives now owns 192,069 shares of the credit services provider’s stock worth $3,660,000 after buying an additional 55,449 shares during the last quarter. Swiss National Bank increased its holdings in shares of The Western Union by 2.6% in the 2nd quarter. Swiss National Bank now owns 1,519,524 shares of the credit services provider’s stock worth $30,892,000 after buying an additional 39,000 shares during the last quarter. Natixis increased its holdings in shares of The Western Union by 210.4% in the 2nd quarter. Natixis now owns 847,306 shares of the credit services provider’s stock worth $17,226,000 after buying an additional 574,322 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of The Western Union in the 3rd quarter worth about $385,000. Finally, Jane Street Group LLC increased its holdings in shares of The Western Union by 391.0% in the 2nd quarter. Jane Street Group LLC now owns 50,152 shares of the credit services provider’s stock worth $1,020,000 after buying an additional 39,938 shares during the last quarter.

Shares of NYSE:WU opened at $18.71 on Tuesday. The stock has a market cap of $8.36 billion, a P/E ratio of 10.39, a PEG ratio of 2.30 and a beta of 1.01. The Western Union Company has a 12 month low of $17.40 and a 12 month high of $22.21.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities analysts predict that The Western Union Company will post 1.92 earnings per share for the current fiscal year.

WU has been the topic of several analyst reports. Barclays initiated coverage on shares of The Western Union in a report on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price target on the stock. Zacks Investment Research reiterated a “hold” rating on shares of The Western Union in a report on Saturday. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 price target on shares of The Western Union in a report on Friday, August 3rd. Wells Fargo & Co downgraded shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a report on Tuesday, November 6th. Finally, ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.17.

In other The Western Union news, EVP Sheri Rhodes sold 2,175 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total value of $41,368.50. Following the transaction, the executive vice president now directly owns 51,775 shares in the company, valued at approximately $984,760.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “The Western Union Company (WU) Shares Bought by Axa” was published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/11/20/the-western-union-company-wu-shares-bought-by-axa.html.

The Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

See Also: How analysts view the yield curve

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.