Zurcher Kantonalbank Zurich Cantonalbank Buys 149,630 Shares of The Western Union Company (WU)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Western Union Company (NYSE:WU) by 175.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 234,983 shares of the credit services provider’s stock after purchasing an additional 149,630 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Western Union were worth $4,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in The Western Union by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after buying an additional 222,786 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in The Western Union by 1.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 9,139,401 shares of the credit services provider’s stock worth $173,740,000 after buying an additional 94,611 shares during the last quarter. Bank of Montreal Can boosted its stake in The Western Union by 3.4% during the fourth quarter. Bank of Montreal Can now owns 3,977,156 shares of the credit services provider’s stock worth $75,605,000 after buying an additional 131,522 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in The Western Union by 53.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock worth $53,968,000 after buying an additional 984,900 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in The Western Union by 0.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,801,317 shares of the credit services provider’s stock worth $53,785,000 after buying an additional 24,425 shares during the last quarter.

The Western Union Company (NYSE:WU) opened at $19.35 on Thursday. The firm has a market capitalization of $9,098.58, a price-to-earnings ratio of 42.37, a P/E/G ratio of 1.86 and a beta of 1.05. The Western Union Company has a fifty-two week low of $18.39 and a fifty-two week high of $22.21. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00.

A number of research firms have weighed in on WU. Jefferies Group reissued a “hold” rating and set a $19.00 price objective on shares of The Western Union in a research note on Thursday, October 12th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research note on Thursday, December 14th. Mizuho reaffirmed a “sell” rating and issued a $16.00 price target on shares of The Western Union in a research note on Sunday, October 15th. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Seven analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The Western Union presently has an average rating of “Hold” and a consensus target price of $19.85.

In related news, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the sale, the insider now directly owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now directly owns 152,362 shares of the company’s stock, valued at $3,275,783. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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About The Western Union

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 The Western Union (NYSE:WU)

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