The Western Union Company (NYSE:WU) Shares Sold by Armstrong Henry H Associates Inc.

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Armstrong Henry H Associates Inc. reduced its stake in shares of The Western Union Company (NYSE:WU) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,473 shares of the credit services provider’s stock after selling 1,000 shares during the quarter. The Western Union accounts for approximately 0.6% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 13th largest holding. Armstrong Henry H Associates Inc.’s holdings in The Western Union were worth $3,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Monument Capital Management lifted its holdings in shares of The Western Union by 3.9% in the second quarter. Monument Capital Management now owns 105,085 shares of the credit services provider’s stock valued at $2,100,000 after purchasing an additional 3,983 shares in the last quarter. AGF Investments LLC lifted its holdings in shares of The Western Union by 25.6% in the second quarter. AGF Investments LLC now owns 18,108 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 3,687 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of The Western Union by 8.2% in the second quarter. Xact Kapitalforvaltning AB now owns 116,633 shares of the credit services provider’s stock valued at $2,320,000 after purchasing an additional 8,868 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of The Western Union by 3.2% in the second quarter. CIBC Asset Management Inc now owns 42,238 shares of the credit services provider’s stock valued at $840,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of The Western Union by 30.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 54,994 shares of the credit services provider’s stock valued at $2,341,000 after purchasing an additional 12,881 shares in the last quarter.

In related news, insider Amintore Schenkel sold 13,361 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.86, for a total transaction of $305,432.46. Following the completion of the transaction, the insider now owns 96,839 shares of the company’s stock, valued at $2,213,739.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Betsy D. Holden sold 15,474 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $21.16, for a total transaction of $327,429.84. Following the transaction, the director now directly owns 103,652 shares of the company’s stock, valued at approximately $2,193,276.32. The disclosure for this sale can be found here. Insiders have sold 56,102 shares of company stock worth $1,262,584 in the last three months. Insiders own 1.33% of the company’s stock.

Shares of WU traded down $0.04 on Wednesday, hitting $23.93. 76,996 shares of the stock traded hands, compared to its average volume of 6,716,739. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 101.99. The firm has a market capitalization of $10.10 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.40 and a beta of 0.80. The stock’s 50 day moving average is $22.83 and its two-hundred day moving average is $20.73. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $24.09.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. Research analysts forecast that The Western Union Company will post 1.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, September 13th. The Western Union’s payout ratio is 41.67%.

Several brokerages have issued reports on WU. Barclays upped their price target on shares of The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Monday, September 30th. BTIG Research upped their price target on shares of The Western Union to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Guggenheim raised shares of The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, September 27th. Citigroup upped their price objective on shares of The Western Union from $17.50 to $20.50 and gave the company a “sell” rating in a research note on Monday. Finally, TheStreet raised shares of The Western Union from a “c+” rating to a “b” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.58.

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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