Western Union Company (NYSE:WU) Chairman Jeffrey A. Joerres Buys 7,745 Shares

Western Union Company (NYSE:WU – Get Rating) President Jeffrey A. Joerres purchased 7,745 shares of the company in a trade dated Monday, November 7. The shares were purchased at an average cost of $12.84 per share, with a total value of $99,445.80. Following the acquisition, the president now owns 167,337 shares of the company, valued at approximately $2,148,607.08. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink.

Western Union trades down 1.9%

NYSE WU lost $0.25 on Wednesday, hitting $12.68. The company’s shares had a trading volume of 5,717,649 shares, compared to its average volume of 4,658,508. The company has a quick ratio of 0.98, a current ratio of 0.98 and a leverage of 4.94. The Western Union Company has a 1-year low of $12.27 and a 1-year high of $20.40. The company’s 50-day moving average is $13.96 and its 200-day moving average is $15.81. The company has a market capitalization of $4.90 billion, a PE ratio of 6.09 and a beta of 0.87.

Institutional investors weigh in on Western Union

Several large investors have recently changed their stake in the company. FCF Advisors LLC increased its position in Western Union shares by 2.7% during the first quarter. FCF Advisors LLC now owns 25,304 shares of the credit services provider worth $474,000 after purchasing an additional 661 shares during the period. Parallel Advisors LLC increased its position in Western Union shares by 17.1% during the second quarter. Parallel Advisors LLC now owns 4,544 shares of the credit service provider worth $75,000 after purchasing an additional 662 shares during the period. Oxbow Advisors LLC increased its position in Western Union shares by 0.4% during the first quarter. Oxbow Advisors LLC now owns 188,768 shares of the credit service provider worth $3,538,000 after purchasing an additional 686 shares during the period. Texas Permanent School Fund increased its position in Western Union shares by 0.3% during the second quarter. Texas Permanent School Fund now owns 279,924 shares of the credit service provider worth $4,610,000 after purchasing an additional 738 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its position in Western Union shares by 6.7% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 13,540 shares of the credit service provider worth $183,000 after purchasing an additional 845 shares during the period. 97.38% of the shares are currently held by institutional investors and hedge funds.

Changes to analyst ratings

Several stock analysts have recently commented on WU shares. Susquehanna lowered its price target on Western Union shares from $18.00 to $15.00 and set a “neutral” rating for the company in a Friday, Oct. 21 research note. Susquehanna Bancshares lowered its price target on Western Union shares from $18.00 to $15.00 and set a “neutral” rating for the company in a Friday, October 21 research note. Barclays lowered its price target on Western Union shares from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Sunday. Morgan Stanley lowered its price target on Western Union shares from $14.00 to $10.00 and set an “underweight” rating for the company in a Friday, Oct. 21 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Western Union shares from $18.00 to $13.00 and set a “hold” rating for the company in a Friday, October 21 research note. Eight investment analysts have rated the stock with a sell rating and seven have assigned the stock a hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $14.88.

About Western Union

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The Western Union Company provides money transfer 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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions via websites and mobile devices.

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