Tompkins Financial Corp Invests $60,000 in The Western Union Company (NYSE:WU)

Tompkins Financial Corp acquired a new stake in shares of The Western Union Company (NYSE:WU) during the third quarter, HoldingsChannel reports. The fund acquired 5,000 shares of the credit services provider’s stock, valued at approximately $60,000.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Western Union by 7,569.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock worth $194,405,000 after acquiring an additional 13,724,584 shares in the last quarter. LSV Asset Management raised its position in Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock worth $118,985,000 after purchasing an additional 1,462,853 shares during the period. Discerene Group LP lifted its stake in Western Union by 11.9% in the first quarter. Discerene Group LP now owns 6,682,192 shares of the credit services provider’s stock worth $93,417,000 after purchasing an additional 710,873 shares during the last quarter. Millennium Management LLC boosted its position in Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock valued at $45,586,000 after buying an additional 1,439,310 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock valued at $40,784,000 after buying an additional 1,142,400 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Stock Down 0.1 %

Shares of Western Union stock opened at $10.70 on Friday. 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 12-month low of $10.63 and a 12-month high of $14.19. The company has a market cap of $3.61 billion, a P/E ratio of 5.49, a PEG ratio of 1.50 and a beta of 0.87. The company’s fifty day simple moving average is $11.64 and its two-hundred day simple moving average is $12.20.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WU shares. Royal Bank of Canada lowered their target price on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. UBS Group cut their target price 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. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Citigroup reissued a “neutral” rating and issued a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. Three equities research 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 has a consensus rating of “Hold” and an average target price of $12.86.

About Western Union

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.