Arrowstreet Capital Limited Partnership Has $23.09 Million Holdings in Western Union Company (The) (WU)

Arrowstreet Capital Limited Partnership raised its holdings in Western Union Company (The) (NYSE:WU) by 412.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,212,000 shares of the credit services provider’s stock after acquiring an additional 975,700 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.26% of Western Union Company (The) worth $23,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc lifted its stake in shares of Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after buying an additional 144 shares during the last quarter. Loudon Investment Management LLC lifted its stake in shares of Western Union Company (The) by 1.4% in the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock worth $213,000 after buying an additional 150 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Western Union Company (The) by 1.1% in the second quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock worth $341,000 after buying an additional 190 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after buying an additional 224 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Western Union Company (The) by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock worth $1,430,000 after buying an additional 239 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://stocknewstimes.com/2017/10/11/arrowstreet-capital-limited-partnership-has-23-09-million-holdings-in-western-union-company-the-wu.html.

In other news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Shares of Western Union Company (NYSE WU) traded down 0.05% on Wednesday, reaching $19.59. 430,193 shares of the company traded hands. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The company has a market capitalization of $9.09 billion, a P/E ratio of 50.36 and a beta of 1.20. The firm’s 50 day moving average is $19.05 and its 200 day moving average is $19.26.

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

WU has been the subject of a number of analyst reports. Barclays PLC boosted 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. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Mizuho initiated coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective for the company. ValuEngine upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Western Union Company (The) presently has an average rating of “Hold” and an average target price of $20.38.

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)

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

Latest News

Leave a Reply