Hennion & Walsh Asset Management Inc. Reduces Holdings in The Western Union Company (NYSE:WU)

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of The Western Union Company (NYSE:WU) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,828 shares of the credit services provider’s stock after selling 967 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Union were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Western Union by 1,189.7% in the third quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock worth $94,000 after buying an additional 7,245 shares in the last quarter. Elevated Capital Advisors LLC lifted its position in shares of Western Union by 7.9% in the third quarter. Elevated Capital Advisors LLC now owns 53,759 shares of the credit services provider’s stock worth $641,000 after buying an additional 3,958 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in Western Union by 6.1% during the third quarter. Krane Funds Advisors LLC now owns 34,536 shares of the credit services provider’s stock valued at $412,000 after buying an additional 1,987 shares during the last quarter. OLD National Bancorp IN grew its holdings in Western Union by 11.9% during the 3rd quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock valued at $8,399,000 after buying an additional 74,742 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC bought a new stake in Western Union in the 3rd quarter worth approximately $6,190,000. 91.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WU shares. Citigroup restated a “neutral” rating and issued a $13.00 target price on shares of Western Union in a report on Wednesday, July 17th. UBS Group decreased their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada lowered their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Three investment 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.86.

Western Union Stock Up 0.1 %

NYSE:WU opened at $11.17 on Friday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. The Western Union Company has a twelve month low of $10.92 and a twelve month high of $14.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. The stock has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $12.36.

Western Union (NYSE:WU) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Western Union had a net margin of 13.64% and a return on equity of 123.71%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Analysts anticipate that The Western Union Company will post 1.76 EPS 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.