Teacher Retirement System of Texas boosted its holdings in shares of The Western Union Company (NYSE:WU) by 139.5% during the 1st quarter, Holdings Channel reports. The firm owned 753,216 shares of the credit services provider’s stock after purchasing an additional 438,759 shares during the quarter. Teacher Retirement System of Texas’ holdings in The Western Union were worth $13,912,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of WU. Norges Bank purchased a new stake in The Western Union during the 4th quarter worth approximately $85,840,000. BlackRock Inc. increased its holdings in The Western Union by 11.2% during the 4th quarter. BlackRock Inc. now owns 46,384,514 shares of the credit services provider’s stock worth $791,319,000 after purchasing an additional 4,686,559 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in The Western Union by 176.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,827,783 shares of the credit services provider’s stock worth $31,182,000 after purchasing an additional 1,167,589 shares during the last quarter. Victory Capital Management Inc. increased its holdings in The Western Union by 16,646.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,104,597 shares of the credit services provider’s stock worth $20,402,000 after purchasing an additional 1,098,001 shares during the last quarter. Finally, Investec Asset Management LTD bought a new stake in shares of The Western Union in the 4th quarter valued at approximately $17,366,000.
WU has been the subject of a number of research analyst reports. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. ValuEngine downgraded The Western Union from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Finally, Northcoast Research downgraded The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The Western Union has a consensus rating of “Hold” and an average price target of $20.00.
WU traded down $0.14 during trading on Friday, reaching $19.46. 82,642 shares of the company were exchanged, compared to its average volume of 5,772,275. The company has a market cap of $8.37 billion, a P/E ratio of 10.10, a PEG ratio of 3.19 and a beta of 0.91. The Western Union Company has a 52 week low of $16.42 and a 52 week high of $21.37.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The Western Union’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. Equities analysts predict that The Western Union Company will post 1.8 EPS for the current 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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