Glenmede Trust Co. NA Sells 762,832 Shares of The Western Union Company (NYSE:WU)

Glenmede Trust Co. NA reduced its position in shares of The Western Union Company (NYSE:WU) by 77.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,962 shares of the credit services provider’s stock after selling 762,832 shares during the quarter. Glenmede Trust Co. NA owned 0.07% of Western Union worth $2,648,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bridgewater Associates LP lifted its stake in Western Union by 31.1% in the 3rd quarter. Bridgewater Associates LP now owns 373,410 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 88,498 shares during the last quarter. Townsquare Capital LLC bought a new stake in Western Union in the third quarter valued at approximately $178,000. Quantbot Technologies LP acquired a new stake in shares of Western Union in the third quarter valued at approximately $3,663,000. Qsemble Capital Management LP bought a new position in shares of Western Union during the 3rd quarter worth approximately $196,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Western Union by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 401,890 shares of the credit services provider’s stock worth $4,794,000 after acquiring an additional 6,612 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Stock Performance

NYSE WU opened at $11.01 on Friday. The firm has a 50-day moving average price of $11.31 and a two-hundred day moving average price of $11.94. The Western Union Company has a 12-month low of $10.51 and a 12-month high of $14.19. The company has a market capitalization of $3.72 billion, a P/E ratio of 5.65, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on WU. JPMorgan Chase & Co. reduced their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, UBS Group lowered their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.86.

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.