Ownership Action to Note: Institutional Investors Lead Shift in Western Union Co (NYSE:WU) Sentiment

November 25, 2016 - By Vivian Park   ·   0 Comments

Ownership Action to Note: Institutional Investors Lead Shift in Western Union Co (NYSE:WU) Sentiment

Sentiment for Western Union Co (NYSE:WU)

Western Union Co (NYSE:WU) institutional sentiment increased to 0.89 in Q2 2016. Its up 0.03, from 0.86 in 2016Q1. The ratio is positive, as 207 investment managers opened new or increased stock positions, while 242 reduced and sold their stock positions in Western Union Co. The investment managers in our partner’s database now hold: 492.26 million shares, down from 501.63 million shares in 2016Q1. Also, the number of investment managers holding Western Union Co in their top 10 stock positions decreased from 12 to 7 for a decrease of 5. Sold All: 48 Reduced: 194 Increased: 163 New Position: 44.

The Western Union Company is a well-known provider of money movement and payment services. The company has a market cap of $10.51 billion. The Firm operates through three divisions: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. It has a 13.05 P/E ratio. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

The stock increased 0.05% or $0.01 during the last trading session, hitting $21.48. About 1.33M 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.

Analysts await The Western Union Company (NYSE:WU) to report earnings on February, 14. They expect $0.43 earnings per share, up 2.38% or $0.01 from last year’s $0.42 per share. WU’s profit will be $210.40 million for 12.49 P/E if the $0.43 EPS becomes a reality. After $0.44 actual earnings per share reported by The Western Union Company for the previous quarter, Wall Street now forecasts -2.27% negative EPS growth.

According to Zacks Investment Research, “The Western Union Company provides money movement and payment services. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. It offers cash money transfer services, walk-in and telephone money transfer, online money transfer, account based money transfer, direct to bank, and mobile money transfer services, payment and foreign exchange solutions, principally cross-border and cross-currency transactions. The Western Union Company is headquartered in Englewood, Colorado.”

Abrams Capital Management L.P. holds 21.65% of its portfolio in The Western Union Company for 21.61 million shares. Clarkston Capital Partners Llc owns 6.14 million shares or 6.14% of their US portfolio. Moreover, Kempner Capital Management Inc. has 5.1% invested in the company for 414,396 shares. The Florida-based Intrepid Capital Management Inc has invested 4.1% in the stock. Lesa Sroufe & Co, a Washington-based fund reported 235,357 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 selling transactions for $7.41 million net activity.

The Western Union Company (NYSE:WU) Ratings Coverage

Ratings analysis reveals 20% of The Western Union Company’s analysts are positive. Out of 10 Wall Street analysts rating The Western Union Company, 2 give it “Buy”, 5 “Sell” rating, while 3 recommend “Hold”. The lowest target is $15.50 while the high is $22. The stock’s average target of $19.89 is -7.40% below today’s ($21.48) share price. WU was included in 14 notes of analysts from July 31, 2015. The stock of The Western Union Company (NYSE:WU) has “Neutral” rating given on Friday, April 15 by Compass Point. S&P Research upgraded the shares of WU in a report on Wednesday, September 2 to “Buy” rating. Zacks upgraded The Western Union Company (NYSE:WU) on Tuesday, August 25 to “Hold” rating. Susquehanna downgraded The Western Union Company (NYSE:WU) on Monday, September 19 to “Negative” rating. The firm has “Buy” rating by Zacks given on Monday, September 21. The rating was downgraded by Zacks on Tuesday, September 1 to “Buy”. The stock has “Sell” rating given by Citigroup on Thursday, August 4. The stock of The Western Union Company (NYSE:WU) has “Equal Weight” rating given on Friday, July 31 by Barclays Capital. JP Morgan maintained it with “Underweight” rating and $22 target price in Friday, August 14 report. The firm earned “Underweight” rating on Thursday, August 4 by Barclays Capital.

WU Company Profile

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 Vivian Park

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