First Manhattan Co. trimmed its holdings in shares of The Western Union Company (NYSE:WU) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,220 shares of the credit services provider’s stock after selling 75,602 shares during the period. First Manhattan Co. owned about 0.06% of The Western Union worth $4,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its stake in 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 acquiring an additional 39,938 shares during the period. Advisors Asset Management Inc. grew its stake in The Western Union by 12.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,105,228 shares of the credit services provider’s stock worth $22,469,000 after acquiring an additional 121,970 shares during the period. Schroder Investment Management Group grew its stake in The Western Union by 37.7% in the 2nd quarter. Schroder Investment Management Group now owns 1,901,382 shares of the credit services provider’s stock worth $38,598,000 after acquiring an additional 520,438 shares during the period. United Services Automobile Association grew its stake in The Western Union by 129.7% in the 2nd quarter. United Services Automobile Association now owns 374,687 shares of the credit services provider’s stock worth $7,617,000 after acquiring an additional 211,590 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in The Western Union by 2.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 163,409 shares of the credit services provider’s stock worth $3,112,000 after acquiring an additional 4,553 shares during the period.

Shares of NYSE WU opened at $18.48 on Friday. The Western Union Company has a 52-week low of $16.42 and a 52-week high of $21.37. The firm has a market cap of $8.08 billion, a PE ratio of 10.27, a P/E/G ratio of 2.20 and a beta of 0.95.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. As a group, sell-side analysts predict that The Western Union Company will post 1.92 earnings per share for the current fiscal year.

WU has been the subject of several research reports. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Wells Fargo & Co cut shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research note on Tuesday, November 6th. Barclays initiated coverage on shares of The Western Union in a research note on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of The Western Union in a research note on Thursday, December 6th. They set a “market perform” rating for the company. Finally, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.20.

In related news, EVP Sheri Rhodes sold 2,175 shares of The Western Union stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total transaction of $41,368.50. Following the transaction, the executive vice president now owns 51,775 shares in the company, valued at approximately $984,760.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Caroline Tsai sold 2,440 shares of The Western Union stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $18.51, for a total transaction of $45,164.40. Following the transaction, the executive vice president now owns 43,244 shares in the company, valued at approximately $800,446.44. The disclosure for this sale can be found here. Insiders have sold a total of 23,324 shares of company stock worth $425,914 in the last 90 days. Company insiders own 1.10% of the company’s stock.

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About The Western Union

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.

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

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