Bartlett & Co. LLC Sells 5,400 Shares of The Western Union Company (WU)

Bartlett & Co. LLC cut its position in The Western Union Company (NYSE:WU) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,300 shares of the credit services provider’s stock after selling 5,400 shares during the period. Bartlett & Co. LLC’s holdings in The Western Union were worth $291,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of The Western Union by 2.3% during the second quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after buying an additional 926,405 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of The Western Union by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after buying an additional 222,786 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in shares of The Western Union by 6.8% during the third quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after buying an additional 572,066 shares during the last quarter. Northern Trust Corp raised its stake in shares of The Western Union by 0.6% during the second quarter. Northern Trust Corp now owns 7,227,131 shares of the credit services provider’s stock worth $137,677,000 after buying an additional 45,302 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of The Western Union by 3.4% during the fourth quarter. Bank of Montreal Can now owns 3,977,156 shares of the credit services provider’s stock worth $75,605,000 after buying an additional 131,522 shares during the last quarter.

Several equities research analysts have commented on the stock. ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, November 6th. Susquehanna Bancshares raised shares of The Western Union from a “negative” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group raised shares of The Western Union to a “neutral” rating in a research note on Monday, January 8th. Finally, Mizuho reiterated a “sell” rating and issued a $16.00 price target on shares of The Western Union in a report on Sunday, October 15th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.85.

In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Shares of The Western Union Company (NYSE WU) traded up $0.55 on Friday, reaching $19.36. 7,550,000 shares of the company traded hands, compared to its average volume of 6,440,000. The Western Union Company has a fifty-two week low of $18.39 and a fifty-two week high of $22.21. The firm has a market capitalization of $8,890.00, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00.

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About The 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.

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

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