Kempner Capital Management Lowers stake in The Western Union Company (WU)

The Western Union Company (WU) : Kempner Capital Management reduced its stake in The Western Union Company by 35.4% during the most recent quarter end. The investment management company now holds a total of 267,696 shares of The Western Union Company which is valued at $5,434,229 after selling 146,700 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.The Western Union Company makes up approximately 3.73% of Kempner Capital Management’s portfolio.

Other Hedge Funds, Including , West Oak Capital boosted its stake in WU in the latest quarter, The investment management firm added 588 additional shares and now holds a total of 2,037 shares of The Western Union Company which is valued at $41,351. The Western Union Company makes up approx 0.03% of West Oak Capital’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.Lvm Capital Management Ltdmi boosted its stake in WU in the latest quarter, The investment management firm added 309,475 additional shares and now holds a total of 360,250 shares of The Western Union Company which is valued at $7,313,075. The Western Union Company makes up approx 2.31% of Lvm Capital Management Ltdmi’s portfolio.

The Western Union Company closed down -0.28 points or -1.36% at $20.33 with 32,39,365 shares getting traded on Tuesday. Post opening the session at $20.61, the shares hit an intraday low of $20.27 and an intraday high of $20.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Barclays Downgraded The Western Union Company on Jul 7, 2016 to ” Underweight”, Price Target of the shares are set at $20.

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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