BB&T Corp decreased its stake in shares of Western Union Co. (NYSE:WU) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 645,276 shares of the company’s stock after selling 79,078 shares during the period. BB&T Corp’s holdings in Western Union were worth $12,376,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in WU. Seven Eight Capital LLC bought a new position in shares of Western Union during the first quarter worth about $105,000. Checchi Capital Advisers LLC increased its position in Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock valued at $108,000 after buying an additional 577 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Western Union during the second quarter valued at $109,000. Loomis Sayles & Co. L P increased its position in Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock valued at $175,000 after buying an additional 3,721 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in Western Union during the second quarter valued at $207,000.
Western Union Co. (NYSE:WU) traded up 0.561% during mid-day trading on Wednesday, reaching $19.891. The company’s stock had a trading volume of 861,648 shares. The firm’s 50 day moving average price is $20.55 and its 200 day moving average price is $20.00. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 11.968 and a beta of 1.19. Western Union Co. has a 12-month low of $16.02 and a 12-month high of $21.80.
Western Union (NYSE:WU) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that Western Union Co. will post $1.65 earnings per share for the current year.
Several research firms have weighed in on WU. BTIG Research restated a “buy” rating and issued a $23.00 price target on shares of Western Union in a research note on Monday, August 1st. Citigroup Inc. upped their price target on Western Union from $15.50 to $17.00 and gave the stock a “sell” rating in a research note on Thursday, August 4th. Vetr upgraded Western Union from a “sell” rating to a “hold” rating and set a $19.20 price target for the company in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Jefferies Group upped their price target on Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.91.
In other Western Union news, CFO Rajesh K. Agrawal sold 9,263 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $21.50, for a total transaction of $199,154.50. Following the transaction, the chief financial officer now owns 126,997 shares of the company’s stock, valued at $2,730,435.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betsy D. Holden sold 21,281 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $21.02, for a total value of $447,326.62. Following the transaction, the director now directly owns 93,826 shares in the company, valued at approximately $1,972,222.52. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Western Union Company Profile
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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