Clarkston Capital Partners LLC boosted its position in Western Union Company (The) (NYSE:WU) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,044,790 shares of the credit services provider’s stock after purchasing an additional 572,066 shares during the period. Western Union Company (The) makes up approximately 7.2% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its biggest holding. Clarkston Capital Partners LLC owned approximately 1.95% of Western Union Company (The) worth $173,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ironwood Investment Counsel LLC increased its position in shares of Western Union Company (The) by 32.0% during the third quarter. Ironwood Investment Counsel LLC now owns 333,942 shares of the credit services provider’s stock worth $6,412,000 after acquiring an additional 80,968 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Western Union Company (The) in the third quarter worth $824,000. Rehmann Capital Advisory Group purchased a new position in Western Union Company (The) in the third quarter worth $198,000. Aperio Group LLC grew its holdings in Western Union Company (The) by 1.3% in the third quarter. Aperio Group LLC now owns 233,681 shares of the credit services provider’s stock worth $4,487,000 after purchasing an additional 3,012 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in Western Union Company (The) by 14.5% in the third quarter. Raymond James Trust N.A. now owns 50,028 shares of the credit services provider’s stock worth $961,000 after purchasing an additional 6,318 shares during the last quarter.

Several equities analysts have issued reports on WU shares. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Mizuho reiterated a “sell” rating and set a $16.00 price objective on shares of Western Union Company (The) in a research note on Sunday, October 15th. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Western Union Company (The) in a research note on Thursday, October 12th. Finally, Barclays PLC lifted their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.38.

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In other news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of the sale, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Western Union Company (WU) traded up 0.50% on Wednesday, reaching $19.96. 926,655 shares of the company’s stock were exchanged. The company has a market capitalization of $9.26 billion, a P/E ratio of 51.31 and a beta of 1.20. The firm has a 50-day moving average price of $19.49 and a 200-day moving average price of $19.28. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts expect that Western Union Company will post $1.77 earnings per share for the current year.

Western Union Company (The) 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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

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