November 24, 2016 - By Nellie Frank · 0 Comments
The stock of The Western Union Company (NYSE:WU) registered a decrease of 4.44% in short interest. WU’s total short interest was 57.88 million shares in November as published by FINRA. Its down 4.44% from 60.57 million shares, reported previously. With 3.72M shares average volume, it will take short sellers 16 days to cover their WU’s short positions. The stock increased 0.94% or $0.2 on November 23, hitting $21.47. About 2.37 million shares traded hands. The Western Union Company (NYSE:WU) has risen 6.98% since April 22, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
The Western Union Company is a well-known provider of money movement and payment services. The company has a market cap of $10.52 billion. The Firm operates through three divisions: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. It has a 13.04 P/E ratio. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.03, from 0.86 in 2016Q1. The ratio improved, as 48 funds sold all The Western Union Company shares owned while 194 reduced positions. 44 funds bought stakes while 163 increased positions. They now own 492.26 million shares or 1.87% less from 501.63 million shares in 2016Q1.
Gotham Asset Management Limited Liability Corp last reported 0.43% of its portfolio in the stock. Arcadia Inv Mgmt Corp Mi has 72 shares for 0% of their US portfolio. The United Kingdom-based Ahl Prns Ltd Liability Partnership has invested 0.17% in The Western Union Company (NYSE:WU). Grantham Mayo Van Otterloo & Co Limited Liability Co, a Massachusetts-based fund reported 65,100 shares. Strs Ohio holds 0% or 31,332 shares in its portfolio. Victory Capital Mngmt holds 0.01% of its portfolio in The Western Union Company (NYSE:WU) for 143,003 shares. Diam Commerce Ltd holds 0.01% of its portfolio in The Western Union Company (NYSE:WU) for 48,968 shares. Glenmede Trust Na holds 0% or 22,174 shares in its portfolio. Canada Pension Plan Invest Board reported 2,337 shares or 0% of all its holdings. Ngam Advsr Lp holds 174,170 shares or 0.05% of its portfolio. Vident Inv Advisory Limited Liability holds 0.11% or 40,000 shares in its portfolio. Tower Research Cap Ltd (Trc) has 8,154 shares for 0.01% of their US portfolio. Goldman Sachs holds 0.03% of its portfolio in The Western Union Company (NYSE:WU) for 4.21 million shares. Lucus Advsr Limited Liability, a New York-based fund reported 18,217 shares. Rafferty Asset Mngmt Lc last reported 0.07% of its portfolio in the stock.
Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 5 sales for $7.41 million net activity. $5.94M worth of The Western Union Company (NYSE:WU) was sold by Ersek Hikmet. MILES MICHAEL sold $433,513 worth of The Western Union Company (NYSE:WU) on Wednesday, September 28. HOLDEN BETSY D also sold $447,259 worth of The Western Union Company (NYSE:WU) shares. $389,603 worth of The Western Union Company (NYSE:WU) was sold by Almeida Odilon on Monday, August 29. Agrawal Rajesh K. sold 9,263 shares worth $199,119.
Out of 10 analysts covering The Western Union Company (NYSE:WU), 2 rate it a “Buy”, 5 “Sell”, while 3 “Hold”. This means 20% are positive. The Western Union Company has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Sell” rating in Thursday, August 4 report. The firm has “Buy” rating by Zacks given on Tuesday, September 1. The rating was initiated by Compass Point with “Neutral” on Friday, April 15. The rating was maintained by Barclays Capital on Thursday, August 4 with “Underweight”. Barclays Capital upgraded the stock to “Equal Weight” rating in Friday, July 31 report. As per Thursday, September 8, the company rating was downgraded by Monness Crespi & Hardt. Susquehanna downgraded The Western Union Company (NYSE:WU) on Monday, September 19 to “Negative” rating. Zacks upgraded the shares of WU in a report on Tuesday, August 25 to “Hold” rating. The rating was upgraded by Zacks to “Buy” on Monday, September 21. On Friday, August 14 the stock rating was maintained by JP Morgan with “Underweight”.
The Western Union Company (Western Union), incorporated on February 17, 2006, is a well-known provider of money movement and payment services. The Firm operates through three divisions: 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. The Company’s Consumer-to-Business segment provides options to make one-time or recurring payments from clients to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. Western Union’s Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Company’s services are primarily available through a network of agent locations in approximately 200 countries and territories.
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By Nellie Frank