56,786 Shares in The Western Union Company (WU) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in The Western Union Company (NYSE:WU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 56,786 shares of the credit services provider’s stock, valued at approximately $1,082,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WU. Piedmont Investment Advisors LLC acquired a new stake in shares of The Western Union in the second quarter valued at approximately $109,000. Jane Street Group LLC acquired a new stake in shares of The Western Union in the first quarter valued at approximately $196,000. Gofen & Glossberg LLC IL acquired a new stake in shares of The Western Union in the second quarter valued at approximately $203,000. Bourne Lent Asset Management Inc. acquired a new stake in shares of The Western Union in the second quarter valued at approximately $203,000. Finally, Foster & Motley Inc. acquired a new stake in shares of The Western Union in the second quarter valued at approximately $207,000.

Several brokerages have commented on WU. Wells Fargo & Co downgraded shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research report on Tuesday, November 6th. Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Royal Bank of Canada restated a “hold” rating and set a $21.00 price objective on shares of The Western Union in a research report on Friday, August 3rd. Finally, Wolfe Research began coverage on shares of The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.40.

Shares of WU opened at $18.82 on Friday. The Western Union Company has a one year low of $17.40 and a one year high of $22.21. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.25 and a beta of 1.01.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that The Western Union Company will post 1.92 EPS for the current year.

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The Western Union 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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