Comerica Bank Sells 14,745 Shares of The Western Union Company (NYSE:WU)

Comerica Bank trimmed its stake in shares of The Western Union Company (NYSE:WU) by 8.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 163,862 shares of the credit services provider’s stock after selling 14,745 shares during the quarter. Comerica Bank’s holdings in The Western Union were worth $4,059,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WU. Pensionfund DSM Netherlands bought a new stake in shares of The Western Union during the 2nd quarter valued at $2,188,000. Pensionfund Sabic bought a new stake in shares of The Western Union during the 2nd quarter worth $1,482,000. South Texas Money Management Ltd. bought a new stake in shares of The Western Union during the 2nd quarter worth $1,124,000. Rockland Trust Co. lifted its position in shares of The Western Union by 5.3% during the 2nd quarter. Rockland Trust Co. now owns 56,199 shares of the credit services provider’s stock worth $1,118,000 after buying an additional 2,849 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of The Western Union by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 137,050 shares of the credit services provider’s stock worth $2,726,000 after buying an additional 1,179 shares during the last quarter.

In other The Western Union news, Director Michael Miles sold 9,192 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $25.00, for a total value of $229,800.00. Following the completion of the transaction, the director now owns 136,645 shares of the company’s stock, valued at approximately $3,416,125. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Amintore Schenkel sold 13,361 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.86, for a total value of $305,432.46. Following the completion of the transaction, the insider now directly owns 96,839 shares of the company’s stock, valued at approximately $2,213,739.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,385 shares of company stock valued at $963,200. Insiders own 1.33% of the company’s stock.

Shares of WU opened at $27.87 on Friday. The Western Union Company has a 12-month low of $16.42 and a 12-month high of $28.00. The business has a 50-day simple moving average of $24.16 and a two-hundred day simple moving average of $21.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99. The stock has a market cap of $11.68 billion, a PE ratio of 14.52, a PEG ratio of 1.56 and a beta of 0.81.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that The Western Union Company will post 1.77 EPS for the current year.

WU has been the subject of several recent analyst reports. Morgan Stanley set a $20.00 price objective on The Western Union and gave the stock a “sell” rating in a research report on Friday, November 1st. BTIG Research set a $28.00 price objective on The Western Union and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Royal Bank of Canada set a $23.00 price objective on The Western Union and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Citigroup set a $20.50 price objective on The Western Union and gave the stock a “sell” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The Western Union has a consensus rating of “Hold” and an average target price of $23.14.

The Western Union Company 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.

Read More: How are the companies in the S&P 500 selected?

Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Western Union Company (NYSE:WU).

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.