Cambria Investment Management L.P. Sells 11,120 Shares of The Western Union Company (NYSE:WU)

Cambria Investment Management L.P. lowered its position in The Western Union Company (NYSE:WU) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,720 shares of the credit services provider’s stock after selling 11,120 shares during the quarter. Cambria Investment Management L.P. owned approximately 0.09% of Western Union worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Scotia Capital Inc. purchased a new stake in Western Union in the first quarter worth approximately $252,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Western Union by 18.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 210,345 shares of the credit services provider’s stock valued at $2,467,000 after purchasing an additional 32,914 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Western Union by 615.4% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 88,240 shares of the credit services provider’s stock worth $984,000 after acquiring an additional 75,905 shares during the period. Ethic Inc. lifted its stake in Western Union by 73.6% in the first quarter. Ethic Inc. now owns 73,721 shares of the credit services provider’s stock worth $822,000 after acquiring an additional 31,255 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Western Union in the second quarter worth $161,000. Hedge funds and other institutional investors own 88.83% of the company’s stock.

Western Union Trading Up 1.8 %

Shares of NYSE:WU opened at $12.18 on Thursday. The business has a 50-day moving average price of $12.63 and a 200-day moving average price of $12.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.76. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 6.15 and a beta of 0.85. The Western Union Company has a 52-week low of $10.07 and a 52-week high of $14.84.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, October 25th. The credit services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Western Union had a return on equity of 111.74% and a net margin of 17.02%. Western Union’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Equities analysts predict that The Western Union Company will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

WU has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Western Union from $12.00 to $13.00 in a research note on Thursday, July 27th. UBS Group reaffirmed a “neutral” rating and set a $14.00 price objective on shares of Western Union in a report on Friday, October 20th. Citigroup upped their price objective on Western Union from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods increased their price target on Western Union from $12.00 to $14.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, William Blair reaffirmed a “market perform” rating on shares of Western Union in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.44.

About Western Union

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 for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.