The Western Union Company (WU) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in The Western Union Company (NYSE:WU) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,345 shares of the credit services provider’s stock after selling 6,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Western Union were worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WU. FMR LLC increased its holdings in shares of The Western Union by 2.3% during the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after buying an additional 926,405 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of The Western Union by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after purchasing an additional 222,786 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of The Western Union by 6.8% during the 3rd quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after purchasing an additional 572,066 shares during the period. Northern Trust Corp boosted its position in shares of The Western Union by 0.6% during the 2nd quarter. Northern Trust Corp now owns 7,227,131 shares of the credit services provider’s stock worth $137,677,000 after purchasing an additional 45,302 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of The Western Union by 3.4% during the 4th quarter. Bank of Montreal Can now owns 3,977,156 shares of the credit services provider’s stock worth $75,605,000 after purchasing an additional 131,522 shares during the period.

In other news, EVP Jean Claude Farah sold 50,813 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the sale, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Shares of The Western Union Company (WU) traded up $0.55 during mid-day trading on Friday, reaching $19.36. 7,550,000 shares of the company’s stock traded hands, compared to its average volume of 6,440,000. The Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.21. The stock has a market cap of $8,890.00, a PE ratio of 42.09, a PEG ratio of 1.81 and a beta of 1.05. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Susquehanna Bancshares raised shares of The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. UBS Group raised shares of The Western Union to a “neutral” rating in a research report on Monday, January 8th. Goldman Sachs Group reissued a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research report on Thursday, December 14th. Finally, ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Seven analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.85.

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About The Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Institutional Ownership by Quarter for The Western Union (NYSE:WU)

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