Mitsubishi UFJ Trust & Banking Corp raised its stake in Western Union Company (The) (NYSE:WU) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,026,750 shares of the company’s stock after buying an additional 4,631 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.21% of Western Union Company (The) worth $21,377,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in Western Union Company (The) 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 period. Canada Pension Plan Investment Board boosted its stake in Western Union Company (The) by 147.8% in the third quarter. Canada Pension Plan Investment Board now owns 5,791 shares of the company’s stock valued at $121,000 after buying an additional 3,454 shares during the period. IFP Advisors Inc boosted its stake in Western Union Company (The) by 18.3% in the second quarter. IFP Advisors Inc now owns 6,214 shares of the company’s stock valued at $119,000 after buying an additional 963 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in Western Union Company (The) by 137.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,984 shares of the company’s stock valued at $134,000 after buying an additional 4,037 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Western Union Company (The) by 6.4% in the second quarter. Pacer Advisors Inc. now owns 7,346 shares of the company’s stock valued at $141,000 after buying an additional 439 shares during the period.
Shares of Western Union Company (NYSE:WU) traded down 0.35% on Tuesday, hitting $22.47. 836,458 shares of the stock were exchanged. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 13.61 and a beta of 1.17. The firm’s 50 day moving average price is $21.64 and its 200 day moving average price is $20.64. Western Union Company has a one year low of $16.02 and a one year high of $22.70.
Several equities research analysts have recently issued reports on the stock. Guggenheim assumed coverage on shares of Western Union Company (The) in a research report on Wednesday, January 4th. They set a “neutral” rating and a $23.00 price objective for the company. BTIG Research set a $23.00 price objective on shares of Western Union Company (The) and gave the stock a “buy” rating in a research report on Monday, October 24th. Zacks Investment Research cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $19.00 price objective on shares of Western Union Company (The) in a research report on Thursday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.17.
Western Union Company (The) 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.
