BB&T Securities LLC cut its stake in shares of Western Union Company (The) (NYSE:WU) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,602 shares of the credit services provider’s stock after selling 5,976 shares during the period. BB&T Securities LLC’s holdings in Western Union were worth $1,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Western Union by 2.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,547,578 shares of the credit services provider’s stock worth $48,914,000 after buying an additional 57,792 shares in the last quarter. Barings LLC raised its stake in shares of Western Union by 34.8% during the 3rd quarter. Barings LLC now owns 117,815 shares of the credit services provider’s stock worth $2,262,000 after buying an additional 30,400 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Western Union by 11.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 89,023 shares of the credit services provider’s stock worth $1,704,000 after buying an additional 9,387 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Western Union by 27.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,529,360 shares of the credit services provider’s stock worth $29,364,000 after buying an additional 325,000 shares in the last quarter. Finally, Fort L.P. raised its stake in shares of Western Union by 160.2% during the 3rd quarter. Fort L.P. now owns 719,860 shares of the credit services provider’s stock worth $13,821,000 after buying an additional 443,239 shares in the last quarter.

Several equities analysts recently weighed in on WU shares. ValuEngine raised Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, November 6th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Western Union in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective (up from $19.00) on shares of Western Union in a research note on Wednesday, August 9th. Finally, Mizuho reaffirmed a “sell” rating and issued a $16.00 price objective on shares of Western Union in a research note on Sunday, October 15th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.14.

Western Union Company (NYSE:WU) traded down $0.16 during midday trading on Wednesday, reaching $19.55. The company had a trading volume of 4,829,600 shares, compared to its average volume of 4,225,678. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70. The stock has a market cap of $9,052.65, a P/E ratio of 10.65, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.98.

Western Union (NYSE:WU) last announced its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Western Union had a return on equity of 116.85% and a net margin of 3.83%. Western Union’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. equities research analysts anticipate that Western Union Company will post 1.83 earnings per share for the current year.

In other Western Union news, EVP Jean Claude Farah sold 17,518 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the sale, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

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About Western Union

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.

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

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