Robeco Institutional Asset Management B.V. Increases Stock Position in The Western Union Company (NYSE:WU)

Robeco Institutional Asset Management B.V. grew its position in shares of The Western Union Company (NYSE:WU) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,880,800 shares of the credit services provider’s stock after purchasing an additional 84,579 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.56% of Western Union worth $22,438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in WU. Quarry LP raised its position in Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 895 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Western Union in the first quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Western Union by 89.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,522 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Western Union by 59.9% during the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after buying an additional 1,233 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Western Union by 1,189.7% during the third quarter. International Assets Investment Management LLC now owns 7,854 shares of the credit services provider’s stock worth $94,000 after buying an additional 7,245 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Stock Up 0.9 %

WU stock opened at $10.99 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The company’s 50-day moving average price is $11.72 and its 200 day moving average price is $12.25. The Western Union Company has a 52 week low of $10.69 and a 52 week high of $14.19. The company has a market cap of $3.71 billion, a P/E ratio of 5.64, a P/E/G ratio of 1.51 and a beta of 0.87.

Western Union (NYSE:WU) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts expect that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WU has been the subject of several analyst reports. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada decreased their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. UBS Group lowered their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Finally, Citigroup reiterated a “neutral” rating and set a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, Western Union presently has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.