Truist Financial Corp Sells 30,328 Shares of The Western Union Company (NYSE:WU)

Truist Financial Corp lessened its holdings in shares of The Western Union Company (NYSE:WU) by 15.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 161,025 shares of the credit services provider’s stock after selling 30,328 shares during the period. Truist Financial Corp’s holdings in Western Union were worth $1,919,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WU. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Western Union by 1.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 56,476 shares of the credit services provider’s stock worth $744,000 after purchasing an additional 791 shares during the last quarter. Raymond James & Associates boosted its holdings in Western Union by 32.8% in the third quarter. Raymond James & Associates now owns 34,942 shares of the credit services provider’s stock valued at $461,000 after acquiring an additional 8,639 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Western Union by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,905 shares of the credit services provider’s stock valued at $921,000 after acquiring an additional 12,174 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Western Union by 7.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,160,429 shares of the credit services provider’s stock valued at $15,294,000 after acquiring an additional 83,842 shares during the last quarter. Finally, Advisor Partners II LLC boosted its holdings in Western Union by 29.6% in the third quarter. Advisor Partners II LLC now owns 21,342 shares of the credit services provider’s stock valued at $281,000 after acquiring an additional 4,869 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Trading Down 0.7 %

NYSE WU opened at $13.28 on Friday. The firm has a market cap of $4.49 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.99 and a beta of 0.84. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $12.62. The Western Union Company has a one year low of $10.92 and a one year high of $14.19.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Western Union had a return on equity of 120.76% and a net margin of 14.12%. Western Union’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Monness Crespi & Hardt assumed coverage on Western Union in a report on Wednesday, March 20th. They issued a “neutral” rating on the stock. William Blair reissued a “market perform” rating on shares of Western Union in a research note on Wednesday, February 7th. BMO Capital Markets increased their target price on Western Union from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Barclays increased their target price on Western Union from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on Western Union from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.61.

Insider Buying and Selling

In other news, Director Timothy P. Murphy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $12.85 per share, for a total transaction of $128,500.00. Following the completion of the acquisition, the director now owns 56,205 shares in the company, valued at $722,234.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is owned by corporate insiders.

Western Union Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer 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.