Valley National Advisers Inc buys $941,725 stake in The Western Union Company (WU)

The Western Union Company (WU) : Valley National Advisers Inc scooped up 8,725 additional shares in The Western Union Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 46,922 shares of The Western Union Company which is valued at $941,725.The Western Union Company makes up approximately 0.50% of Valley National Advisers Inc’s portfolio.

The Western Union Company opened for trading at $20.25 and hit $20.57 on the upside on Wednesday, eventually ending the session at $20.52, with a gain of 1.53% or 0.31 points. The heightened volatility saw the trading volume jump to 34,78,368 shares. Company has a market cap of $10,299 M.

Other Hedge Funds, Including , Jnba Financial Advisors reduced its stake in WU by selling 300 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 9,644 shares of WU which is valued at $193,555. The Western Union Company makes up approx 0.07% of Jnba Financial Advisors’s portfolio.Btim Corp. boosted its stake in WU in the latest quarter, The investment management firm added 2,915 additional shares and now holds a total of 336,587 shares of The Western Union Company which is valued at $6,755,301. The Western Union Company makes up approx 0.12% of Btim Corp.’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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