16,464 Shares in The Western Union Company (NYSE:WU) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new position in shares of The Western Union Company (NYSE:WU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,464 shares of the credit services provider’s stock, valued at approximately $196,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LSV Asset Management increased its position in Western Union by 17.7% during the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock worth $118,985,000 after buying an additional 1,462,853 shares in the last quarter. Millennium Management LLC increased its position in Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after buying an additional 1,439,310 shares in the last quarter. Marshall Wace LLP increased its position in Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock worth $40,784,000 after buying an additional 1,142,400 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Western Union by 4.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,880,800 shares of the credit services provider’s stock worth $22,438,000 after buying an additional 84,579 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Western Union by 4.0% during the second quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider’s stock worth $12,647,000 after buying an additional 39,739 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Western Union Stock Down 0.7 %

Shares of Western Union stock opened at $11.02 on Friday. The business’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $11.96. 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 company has a market capitalization of $3.72 billion, a P/E ratio of 5.65, a PEG ratio of 1.56 and a beta of 0.87. The Western Union Company has a 1-year low of $10.51 and a 1-year high of $14.19.

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

Analyst Ratings Changes

Several equities analysts recently commented on WU shares. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group reduced their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.86.

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.