First Manhattan Co. Has $32.35 Million Stake in Western Union Company (The) (WU)

First Manhattan Co. lessened its stake in shares of Western Union Company (The) (NYSE:WU) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,684,801 shares of the credit services provider’s stock after selling 146,150 shares during the period. First Manhattan Co. owned 0.36% of Western Union Company (The) worth $32,348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WU. Bank of Montreal Can raised its holdings in Western Union Company (The) by 162.0% in the 2nd quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock valued at $56,515,000 after buying an additional 1,834,328 shares during the period. Janus Capital Management LLC raised its holdings in Western Union Company (The) by 110.4% in the 1st quarter. Janus Capital Management LLC now owns 1,900,122 shares of the credit services provider’s stock valued at $38,667,000 after buying an additional 997,151 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Western Union Company (The) by 412.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,000 shares of the credit services provider’s stock valued at $23,089,000 after buying an additional 975,700 shares during the period. Clarkston Capital Partners LLC raised its holdings in Western Union Company (The) by 12.6% in the 2nd quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock valued at $161,405,000 after buying an additional 950,840 shares during the period. Finally, FMR LLC raised its holdings in Western Union Company (The) by 2.3% in the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock valued at $796,941,000 after buying an additional 926,405 shares during the period.

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Shares of Western Union Company (NYSE:WU) traded down 0.532% during trading on Tuesday, hitting $19.615. The stock had a trading volume of 294,241 shares. The company has a market cap of $9.10 billion, a P/E ratio of 50.424 and a beta of 1.20. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The stock’s 50-day moving average price is $19.47 and its 200-day moving average price is $19.28.

Western Union Company (The) (NYSE:WU) last announced its earnings results 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 the consensus estimate of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. On average, equities research analysts forecast that Western Union Company will post $1.77 EPS for the current fiscal year.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the sale, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Several brokerages recently issued reports on WU. Mizuho restated a “sell” rating and issued a $16.00 price objective on shares of Western Union Company (The) in a report on Sunday, October 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price on shares of Western Union Company (The) in a research report on Thursday, October 12th. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised Western Union Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.38.

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.

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

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