Los Angeles Capital Management LLC Has $4.83 Million Stock Holdings in The Western Union Company (NYSE:WU)

Los Angeles Capital Management LLC lowered its stake in The Western Union Company (NYSE:WU) by 8.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 404,423 shares of the credit services provider’s stock after selling 37,206 shares during the period. Los Angeles Capital Management LLC’s holdings in Western Union were worth $4,825,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WU. Private Advisor Group LLC grew its position in shares of Western Union by 13.0% during the 1st quarter. Private Advisor Group LLC now owns 38,083 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 4,379 shares in the last quarter. Sei Investments Co. grew its position in shares of Western Union by 20.9% during the 1st quarter. Sei Investments Co. now owns 729,451 shares of the credit services provider’s stock worth $10,198,000 after purchasing an additional 126,211 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Western Union by 300.4% during the 1st quarter. Kingsview Wealth Management LLC now owns 230,970 shares of the credit services provider’s stock worth $3,229,000 after purchasing an additional 173,280 shares in the last quarter. M&G Plc acquired a new position in shares of Western Union during the 1st quarter worth approximately $12,051,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Western Union by 17.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 591,965 shares of the credit services provider’s stock worth $8,143,000 after purchasing an additional 89,066 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WU shares. Citigroup restated a “neutral” rating and set a $13.00 target price on shares of Western Union in a research report on Wednesday, July 17th. Royal Bank of Canada cut their price target on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. UBS Group cut their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Finally, StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.86.

Western Union Price Performance

Shares of NYSE:WU opened at $10.62 on Tuesday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 1.50 and a beta of 0.87. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $12.19. The Western Union Company has a one year low of $10.62 and a one year high of $14.19.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Research analysts predict that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.