Arcus Capital Partners LLC Has $286,000 Position in Western Union Company (The) (WU)

Arcus Capital Partners LLC continued to hold its stake in shares of Western Union Company (The) (NYSE:WU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the credit services provider’s stock at the end of the 2nd quarter. Arcus Capital Partners LLC’s holdings in Western Union Company (The) were worth $286,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Financial Architects Inc raised its stake in Western Union Company (The) by 2.1% during the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the period. Loudon Investment Management LLC raised its stake in Western Union Company (The) by 1.4% during the 2nd quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock valued at $213,000 after purchasing an additional 150 shares during the period. Thrivent Financial For Lutherans raised its stake in Western Union Company (The) by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock valued at $341,000 after purchasing an additional 190 shares during the period. Pacer Advisors Inc. raised its stake in Western Union Company (The) by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 224 shares during the period. Finally, Hanson & Doremus Investment Management raised its stake in Western Union Company (The) by 0.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock valued at $1,430,000 after purchasing an additional 239 shares during the period.

In related news, EVP John David Thompson sold 23,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Several brokerages have issued reports on WU. Jefferies Group LLC reissued a “hold” rating and set a $19.00 target price on shares of Western Union Company (The) in a research note on Thursday. Barclays PLC boosted their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.38.

Western Union Company (NYSE:WU) traded up 0.025% during trading on Thursday, hitting $19.745. 761,658 shares of the stock were exchanged. The firm has a market capitalization of $9.16 billion, a PE ratio of 50.758 and a beta of 1.20. The stock has a 50 day moving average price of $19.07 and a 200-day moving average price of $19.27. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70.

Western Union Company (The) (NYSE:WU) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that Western Union Company will post $1.77 earnings per share for the current fiscal year.

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About Western Union Company (The)

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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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