The Western Union Company (NYSE:WU) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its position in The Western Union Company (NYSE:WU) by 23.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,742 shares of the credit services provider’s stock after acquiring an additional 8,943 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Western Union were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its position in Western Union by 52.9% during the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 895 shares during the period. National Bank of Canada FI raised its position in Western Union by 1.1% during the second quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock worth $979,000 after acquiring an additional 896 shares during the period. Dakota Wealth Management raised its position in Western Union by 1.8% during the second quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock worth $685,000 after acquiring an additional 979 shares during the period. Abich Financial Wealth Management LLC raised its position in Western Union by 31.1% during the second quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 1,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in Western Union by 4.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock worth $331,000 after acquiring an additional 1,091 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods decreased their price target on shares of Western Union from $13.00 to $12.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, UBS Group decreased their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.75.

Western Union Price Performance

Western Union stock opened at $10.98 on Wednesday. The Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. The stock has a market cap of $3.71 billion, a P/E ratio of 5.63, a PEG ratio of 1.51 and a beta of 0.86. The company has a 50-day moving average price of $11.16 and a 200 day moving average price of $11.83. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96.

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