Rockefeller Capital Management L.P. Sells 178,774 Shares of The Western Union Company (NYSE:WU)

Rockefeller Capital Management L.P. lessened its position in shares of The Western Union Company (NYSE:WU) by 70.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 76,010 shares of the credit services provider’s stock after selling 178,774 shares during the period. Rockefeller Capital Management L.P.’s holdings in Western Union were worth $907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its holdings in Western Union by 52.9% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Western Union by 89.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,522 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in Western Union by 31.1% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 1,024 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Western Union during the 3rd quarter worth approximately $60,000. Finally, International Assets Investment Management LLC raised 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 during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Trading Down 0.8 %

Western Union stock opened at $10.80 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The firm has a market cap of $3.65 billion, a PE ratio of 5.54, a P/E/G ratio of 1.51 and a beta of 0.86. The stock’s 50 day simple moving average is $11.19 and its two-hundred day simple moving average is $11.85. The Western Union Company has a 12 month low of $10.51 and a 12 month high of $14.19.

Western Union (NYSE:WU) last released its quarterly earnings results 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Analysts anticipate that The Western Union Company will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on WU. UBS Group cut 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. JPMorgan Chase & Co. cut their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.