The Western Union Company (WU) : Lesa Sroufe Co reduced its stake in The Western Union Company by 0.33% during the most recent quarter end. The investment management company now holds a total of 244,156 shares of The Western Union Company which is valued at $4,638,964 after selling 815 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on May 2, 2016.The Western Union Company makes up approximately 4.37% of Lesa Sroufe Co’s portfolio.
The Western Union Company opened for trading at $18.82 and hit $19.05 on the upside on Friday, eventually ending the session at $19, with a gain of 0.85% or 0.16 points. The heightened volatility saw the trading volume jump to 43,57,403 shares. Company has a market cap of $9,332 M.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in WU in the latest quarter, The investment management firm added 36,093 additional shares and now holds a total of 104,075 shares of The Western Union Company which is valued at $1,977,425. The Western Union Company makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Russell Frank Co boosted its stake in WU in the latest quarter, The investment management firm added 79,833 additional shares and now holds a total of 972,607 shares of The Western Union Company which is valued at $19,452,140. The Western Union Company makes up approx 0.03% of Russell Frank Co’s portfolio.Lodestar Investment Counselil reduced its stake in WU by selling 1,686 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 30,789 shares of WU which is valued at $617,935. The Western Union Company makes up approx 0.09% of Lodestar Investment Counselil’s portfolio.Transamerica Financial Advisors boosted its stake in WU in the latest quarter, The investment management firm added 11,396 additional shares and now holds a total of 20,934 shares of The Western Union Company which is valued at $420,145. The Western Union Company makes up approx 0.04% of Transamerica Financial Advisors’s portfolio.Cohen Klingenstein reduced its stake in WU by selling 1,382 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 21,515 shares of WU which is valued at $431,806. The Western Union Company makes up approx 0.08% of Cohen Klingenstein’s portfolio.
On the company’s financial health, The Western Union Company reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $1297.70 million for the quarter, compared to analysts expectations of $1313.67 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 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.