Western Union Company (NYSE:WU).
Raymond James & Associates reports that it raised its stake in Western Union Company stock by 10.7% in its quarterly SEC filing. Its position was worth $43,148,000 an increase of 11.5% as of the end of the quarter.
These firms have modified their investment in WU. As of the end of the quarter Boston Research & Management Inc had acquired 2,710 shares growing its position 1.9%. The value of the investment in Western Union Company went from $2,786,000 to $2,860,000 increasing 2.7% quarter to quarter. As of quarter end Tredje Ap-fonden had bought a total of 17,170 shares growing its holdings by 11.6%. The value of the total investment in Western Union Company increased from $2,834,000 to $3,160,000 a change of $326,000 for the reporting period.
As of the end of the quarter Polaris Capital Management, LLC had bought 259,700 shares growing its stake by 18.0%. The value of the investment in (WU) increased from $27,486,000 to $32,688,000 a change of 18.9% quarter over quarter.
Equity analyst Barclays PLC raised the price target on August 4 boosting the projection from $21.00 to $22.00 with a “Underweight” recommendation. On August 9 Stifel Nicolaus held the stock rating at “Hold” with a current price target of $20.00.
October 12 investment analysts at Jefferies Group LLC left the stock rating at “Hold” targeting a price of $19.00. October 15 investment analysts at Mizuho maintained a company rating of “Sell” projecting a price of $16.00.
Citigroup raised the price target on November 3 changing the forecast from $17.00 to $17.50 and issued a “Sell” recommendation. Equity analyst Morgan Stanley raised the price target of the stock on November 3 changing the price objective from $18.00 to $19.00 and stated a “Underweight” rating.
The company is now down by 0.18% since yesterday’s close of 19.65. Western Union Company currently has a P/E ratio of 42.68 and market capitalization is 9.01B. As of the latest earnings report the EPS was $0.46 with 459.29M shares presently outstanding.
Traders are more bullish on Western Union Company if you watch the downtick in short interest. The stock had a fall in short interest of -0.44% between September 29, 2017 and October 13, 2017. Short interest fell from 42,817,204 to 42,629,271 over that period. With short interest at 42,629,271 and short average daily volume at 2,784,759, the short-interest ratio is 15.0 and the short interest percentage is 0.09% as of October 13.