Boyar Asset Management Inc. Buys 7,125 Shares of The Western Union Company (WU)

Boyar Asset Management Inc. increased its stake in shares of The Western Union Company (NYSE:WU) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,793 shares of the credit services provider’s stock after purchasing an additional 7,125 shares during the period. Boyar Asset Management Inc.’s holdings in The Western Union were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swiss National Bank raised its stake in shares of The Western Union by 2.6% during the 2nd quarter. Swiss National Bank now owns 1,519,524 shares of the credit services provider’s stock worth $30,892,000 after buying an additional 39,000 shares during the last quarter. Natixis raised its stake in shares of The Western Union by 210.4% during the 2nd quarter. Natixis now owns 847,306 shares of the credit services provider’s stock worth $17,226,000 after buying an additional 574,322 shares during the last quarter. Exane Derivatives raised its stake in shares of The Western Union by 40.6% during the 3rd quarter. Exane Derivatives now owns 192,069 shares of the credit services provider’s stock worth $3,660,000 after buying an additional 55,449 shares during the last quarter. Sun Life Financial INC raised its stake in shares of The Western Union by 5,076.6% during the 2nd quarter. Sun Life Financial INC now owns 72,007 shares of the credit services provider’s stock worth $1,464,000 after buying an additional 70,616 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of The Western Union by 391.0% during the 2nd quarter. Jane Street Group LLC now owns 50,152 shares of the credit services provider’s stock worth $1,020,000 after buying an additional 39,938 shares during the last quarter.

Several analysts have commented on WU shares. Royal Bank of Canada restated a “hold” rating and issued a $21.00 price target on shares of The Western Union in a report on Friday, August 3rd. Zacks Investment Research cut The Western Union from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Wolfe Research began coverage on The Western Union in a research note on Tuesday, July 17th. They issued an “underperform” rating on the stock. Wells Fargo & Co lowered The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research note on Tuesday. Finally, ValuEngine lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.40.

The Western Union stock opened at $18.97 on Friday. The company has a market cap of $8.18 billion, a P/E ratio of 10.54, a P/E/G ratio of 2.25 and a beta of 1.01. The Western Union Company has a one year low of $17.40 and a one year high of $22.21.

The Western Union (NYSE:WU) last released its quarterly earnings results on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The Western Union’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Analysts predict that The Western Union Company will post 1.92 earnings per share for the current fiscal year.

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The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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

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