Tokio Marine Asset Management Co. Ltd. cut its stake in shares of Western Union Co. (NYSE:WU) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 16,271 shares of the company’s stock after selling 652 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Western Union were worth $312,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Seven Eight Capital LLC purchased a new stake in shares of Western Union during the first quarter valued at $105,000. Checchi Capital Advisers LLC boosted its position in Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC bought a new position in Western Union during the second quarter worth about $109,000. Loomis Sayles & Co. L P boosted its position in Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares in the last quarter. Finally, Atria Investments LLC bought a new position in Western Union during the second quarter worth about $207,000.
Shares of Western Union Co. (NYSE:WU) traded up 1.00% during mid-day trading on Friday, hitting $20.12. 2,953,056 shares of the stock traded hands. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 12.11 and a beta of 1.19. Western Union Co. has a 12-month low of $16.02 and a 12-month high of $21.80. The firm’s 50 day moving average price is $20.68 and its 200 day moving average price is $19.98.
Western Union (NYSE:WU) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Western Union had a net margin of 15.33% and a return on equity of 63.02%. Western Union’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, equities research analysts predict that Western Union Co. will post $1.65 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Barclays PLC raised their price target on shares of Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Zacks Investment Research raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Jefferies Group raised their price target on shares of Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 5th. BTIG Research reaffirmed a “buy” rating and issued a $23.00 price target on shares of Western Union in a report on Monday, August 1st. Finally, Vetr cut shares of Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price target for the company. in a report on Monday, August 29th. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.91.
In related news, Director Betsy D. Holden sold 21,281 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the sale, the director now owns 93,826 shares in the company, valued at approximately $1,972,222.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hikmet Ersek sold 276,127 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $21.52, for a total transaction of $5,942,253.04. Following the sale, the insider now owns 407,285 shares of the company’s stock, valued at approximately $8,764,773.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
About Western Union
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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