Penserra Capital Management LLC Boosts Holdings in The Western Union Company (NYSE:WU)

Penserra Capital Management LLC grew its position in The Western Union Company (NYSE:WU) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,890 shares of the credit services provider’s stock after purchasing an additional 6,612 shares during the quarter. Penserra Capital Management LLC’s holdings in Western Union were worth $4,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 895 shares in the last quarter. LRI Investments LLC acquired a new stake in Western Union in the first quarter worth about $37,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Western Union by 89.3% during 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 acquiring an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings 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 valued at $46,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new position in shares of Western Union in the 3rd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WU. UBS Group cut their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada cut their price objective on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, Western Union presently has a consensus rating of “Hold” and a consensus target price of $12.86.

Western Union Stock Performance

Shares of WU stock opened at $11.06 on Monday. The Western Union Company has a 52-week low of $10.51 and a 52-week high of $14.19. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96. The stock has a market cap of $3.74 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The business has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $12.02.

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

About Western Union

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.