Natixis Advisors LLC Has $260,000 Holdings in The Western Union Company (NYSE:WU)

Natixis Advisors LLC trimmed its holdings in shares of The Western Union Company (NYSE:WU) by 26.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,753 shares of the credit services provider’s stock after selling 7,671 shares during the period. Natixis Advisors LLC’s holdings in Western Union were worth $260,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LSV Asset Management raised its holdings in Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after acquiring an additional 1,462,853 shares during the period. Millennium Management LLC boosted its holdings in Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after purchasing an additional 1,439,310 shares during the last quarter. Marshall Wace LLP boosted its holdings in Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock worth $40,784,000 after purchasing an additional 1,142,400 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Western Union by 4.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,880,800 shares of the credit services provider’s stock worth $22,438,000 after purchasing an additional 84,579 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Western Union by 4.0% during the second quarter. Victory Capital Management Inc. now owns 1,034,943 shares of the credit services provider’s stock worth $12,647,000 after purchasing an additional 39,739 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on WU shares. UBS Group dropped their target price 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. JPMorgan Chase & Co. cut their price objective 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, StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.86.

Western Union Trading Down 0.7 %

NYSE WU opened at $11.02 on Friday. The Western Union Company has a 12 month low of $10.51 and a 12 month high of $14.19. 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 stock’s fifty day moving average price is $11.32 and its 200-day moving average price is $11.96. The stock has a market cap of $3.72 billion, a P/E ratio of 5.65, a P/E/G ratio of 1.56 and a beta of 0.87.

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