First Mercantile Trust Co Lowers stake in The Western Union Company (WU)

The Western Union Company (WU) : First Mercantile Trust Co reduced its stake in The Western Union Company by 8.52% during the most recent quarter end. The investment management company now holds a total of 163,820 shares of The Western Union Company which is valued at $3,345,204 after selling 15,253 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.The Western Union Company makes up approximately 0.45% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Academy Capital Management Inctx reduced its stake in WU by selling 92 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 61,235 shares of WU which is valued at $1,250,419. The Western Union Company makes up approx 0.33% of Academy Capital Management Inctx’s portfolio.Telemus Capital boosted its stake in WU in the latest quarter, The investment management firm added 8,150 additional shares and now holds a total of 24,365 shares of The Western Union Company which is valued at $494,610. The Western Union Company makes up approx 0.06% of Telemus Capital’s portfolio.North Star Asset Management Inc reduced its stake in WU by selling 5,215 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 105,727 shares of WU which is valued at $2,146,258. The Western Union Company makes up approx 0.24% of North Star Asset Management Inc’s portfolio. Cacti Asset Management sold out all of its stake in WU during the most recent quarter. The investment firm sold 5,000 shares of WU which is valued $101,500.

The Western Union Company opened for trading at $20.4 and hit $20.47 on the upside on Friday, eventually ending the session at $20.42, with a gain of 0.10% or 0.02 points. The heightened volatility saw the trading volume jump to 35,77,752 shares. Company has a market cap of $9,960 M.

On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $1375.70 million for the quarter, compared to analysts expectations of $1376.71 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on The Western Union Company. The Western Union Company was Downgraded by Susquehanna to ” Negative” on Sep 19, 2016.

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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