Crossmark Global Holdings Inc. Has $5.73 Million Stock Holdings in The Western Union Company (NYSE:WU)

Crossmark Global Holdings Inc. raised its stake in The Western Union Company (NYSE:WU) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 480,146 shares of the credit services provider’s stock after buying an additional 21,500 shares during the period. Crossmark Global Holdings Inc.’s holdings in Western Union were worth $5,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WU. Mackenzie Financial Corp boosted its holdings in shares of Western Union by 30.7% during the 2nd quarter. Mackenzie Financial Corp now owns 348,850 shares of the credit services provider’s stock worth $4,263,000 after buying an additional 82,018 shares during the period. OLD National Bancorp IN boosted its holdings in shares of Western Union by 11.9% during the third quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock worth $8,399,000 after acquiring an additional 74,742 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after purchasing an additional 13,724,584 shares during the last quarter. M&G Plc bought a new position in shares of Western Union during the first quarter worth approximately $12,051,000. Finally, Seven Eight Capital LP acquired a new stake in Western Union during the 2nd quarter worth approximately $2,288,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Western Union Stock Performance

Shares of Western Union stock opened at $10.70 on Monday. The company has a 50 day moving average of $11.64 and a 200-day moving average of $12.19. The company has a market cap of $3.61 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The Western Union Company has a 1-year low of $10.63 and a 1-year high of $14.19.

Western Union (NYSE:WU) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Western Union Company will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on WU shares. JPMorgan Chase & Co. decreased their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. UBS Group decreased their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Citigroup restated a “neutral” rating and set a $13.00 target price on shares of Western Union in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada lowered their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, Western Union presently has a consensus rating of “Hold” and an average target price of $12.86.

Western Union Company 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.