Economy

Institutional Investors Lead Shift in Western Union Co (NYSE:WU) Sentiment

OMERS ADMINISTRATION Corp now owns 3,695,100 shares of the company's stock worth $71,278,000 after buying an additional 652,600 shares during the last quarter.

LMR Partners LLP acquired a new position in shares of Western Union Co. Chubb Ltd. purchased a new stake in shares of Western Union during the first quarter worth approximately $13,503,000.

Western Union Co (NYSE:WU) institutional sentiment decreased to 0.78 in 2017 Q2. PGGM Investments now owns 1,713,369 shares of the credit services provider's stock valued at $32,897,000 after buying an additional 6,772 shares during the last quarter. Aperio Group LLC grew its holdings in Western Union Company (The) by 1.3% in the third quarter. Raymond James Trust N.A. now owns 50,028 shares of the credit services provider's stock worth $961,000 after purchasing an additional 6,318 shares during the last quarter. The Western Union Company (NYSE:WU) has risen 0.64% since November 2, 2016 and is uptrending. In the final minutes of trading on Thursday, shares hit $20.09, an increase of roughly 1 percent in the last 12 months. Moreover, Intrepid Capital Management Inc has 5.16% invested in the company for 692,327 shares. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider's stock valued at $6,234,000 after buying an additional 44,443 shares during the last quarter.

In related news, EVP John David Thompson sold 23,500 shares of the business's stock in a transaction dated Friday, August 4th. Compass Point downgraded the shares of WU in report on Friday, January 20 to "Sell" rating. Following the completion of the sale, the chief financial officer now owns 126,997 shares of the company's stock, valued at approximately $2,730,435.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Several equities analysts have issued reports on WU shares. Mizuho reiterated a "sell" rating and set a $16.00 price objective on shares of Western Union Company (The) in a research note on Sunday, October 15th. Zacks Investment Research lowered Western Union from a "hold" rating to a "sell" rating in a report on Tuesday, July 5th. Jefferies Group LLC reiterated a "hold" rating and set a $19.00 price objective on shares of Western Union Company (The) in a research note on Thursday, October 12th. ValuEngine upgraded shares of Western Union Company (The) from a "hold" rating to a "buy" rating in a report on Monday, October 2nd. Citigroup Inc. boosted their price objective on Western Union from $15.50 to $17.00 and gave the stock a "sell" rating in a report on Thursday, August 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $20.38. If you are accessing this piece on another website, it was stolen and reposted in violation of global copyright & trademark legislation. The correct version of this news story can be read at https://www.truebluetribune.com/2017/11/02/western-union-company-the-wu-announces-earnings-results.html. Eight analysts surveyed by Zacks expected $1.39 billion. The stock's last price was higher from the average trading price of 50 days recorded at $160.13 while enlarging the period to 200 trading days, the average price was $152. The lowest target is $15.50 while the high is $2300.

Western Union expects full-year earnings in the range of $1.75 to $1.85 per share. Analysts forecast earnings per share of $0.44, exactly $0.00 or 0.00 % from 2014's $0.44 EPS. Also, the number of investment professionals holding Western Union Co in their top 10 positions was flat from 3 to 3 for the same number. After posting $0.50 EPS for the previous quarter, The Western Union Company's analysts now forecast -12.00 % negative EPS growth. Its sales stood at -0.30% a year on average in the period of last five years.

The Western Union Company (NYSE:WU) gained 0.71% with the closing price of $19.86. Also Businesswire.com published the news titled: "Western Union Restores Money Transfer Services in Puerto Rico" on October 06, 2017.



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