Independent Portfolio Consultants Lowers stake in The Western Union Company (WU)

The Western Union Company (WU) : Independent Portfolio Consultants reduced its stake in The Western Union Company by 6.55% during the most recent quarter end. The investment management company now holds a total of 154,464 shares of The Western Union Company which is valued at $3,087,735 after selling 10,820 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.The Western Union Company makes up approximately 0.85% of Independent Portfolio Consultants’s portfolio.

The Western Union Company opened for trading at $19.9 and hit $20.13 on the upside on Monday, eventually ending the session at $20.11, with a gain of 0.60% or 0.12 points. The heightened volatility saw the trading volume jump to 24,87,138 shares. Company has a market cap of $10,093 M.

Other Hedge Funds, Including , Heritage Investors Management Corp reduced its stake in WU by selling 1,000 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 49,368 shares of WU which is valued at $986,866. The Western Union Company makes up approx 0.07% of Heritage Investors Management Corp’s portfolio. Banced Corp sold out all of its stake in WU during the most recent quarter. The investment firm sold 16,158 shares of WU which is valued $322,998.Daiwa Sb Investments Ltd. reduced its stake in WU by selling 55,822 shares or 11.57% in the most recent quarter. The Hedge Fund company now holds 426,500 shares of WU which is valued at $8,525,735. The Western Union Company makes up approx 2.14% of Daiwa Sb Investments Ltd.’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WU in the latest quarter, The investment management firm added 15,702 additional shares and now holds a total of 116,578 shares of The Western Union Company which is valued at $2,330,394. The Western Union Company makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Triangle Securities Wealth Management reduced its stake in WU by selling 252 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 10,150 shares of WU which is valued at $200,158. The Western Union Company makes up approx 0.13% of Triangle Securities Wealth Management’s portfolio.

On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.41. The company had revenue of $1380.00 million for the quarter, compared to analysts expectations of $1397.13 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on The Western Union Company. Compass Point Initiated The Western Union Company on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $20.The Western Union Company was Downgraded by Macquarie to ” Neutral” on Feb 10, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Hold” and Lowered the Price Target to $ 19 from a previous price target of $20 .

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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