Ameritas Investment Partners Inc. Sells 1,031 Shares of Western Union Company (The) (WU)

Ameritas Investment Partners Inc. lowered its position in shares of Western Union Company (The) (NYSE:WU) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,629 shares of the credit services provider’s stock after selling 1,031 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Western Union Company (The) were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WU. Thrivent Financial For Lutherans increased its holdings in Western Union Company (The) by 7.1% in the first quarter. Thrivent Financial For Lutherans now owns 17,710 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 1,170 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Western Union Company (The) by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,884,143 shares of the credit services provider’s stock valued at $38,343,000 after purchasing an additional 24,313 shares during the last quarter. AQR Capital Management LLC increased its holdings in Western Union Company (The) by 41.3% in the first quarter. AQR Capital Management LLC now owns 411,840 shares of the credit services provider’s stock valued at $8,381,000 after purchasing an additional 120,376 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Western Union Company (The) in the first quarter valued at about $573,000. Finally, Driehaus Capital Management LLC bought a new stake in Western Union Company (The) in the first quarter valued at about $259,000.

Several brokerages have issued reports on WU. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price target on shares of Western Union Company (The) in a report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Barclays PLC increased their price target on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Four equities research 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 has a consensus rating of “Hold” and an average price target of $20.38.

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Western Union Company (NYSE WU) opened at 19.86 on Wednesday. The firm has a market capitalization of $9.21 billion, a PE ratio of 51.05 and a beta of 1.20. The stock’s 50 day moving average price is $19.49 and its 200 day moving average price is $19.28. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70.

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

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

Western Union Company (The) Company Profile

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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