Today, Public Employees Retirement Association of Colorado Sold shares of Western Union Co. (WU)

Today, Public Employees Retirement Association of Colorado Sold shares of Western Union Co. (WU)
Public Employees Retirement Association of Colorado lowered its position in Western Union Co. (NYSE:WU) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 103,717 shares of the company’s stock after selling 2,370 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Western Union were worth $2,159,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Seven Eight Capital LLC purchased a new position in Western Union during the first quarter valued at approximately $105,000. Squarepoint Ops LLC increased its position in Western Union by 50.3% in the first quarter. Squarepoint Ops LLC now owns 78,337 shares of the company’s stock valued at $1,511,000 after buying an additional 26,214 shares during the last quarter. Cypress Capital Group increased its position in Western Union by 0.8% in the first quarter. Cypress Capital Group now owns 24,904 shares of the company’s stock valued at $480,000 after buying an additional 188 shares during the last quarter. Oak Associates Ltd. OH increased its position in Western Union by 0.9% in the first quarter. Oak Associates Ltd. OH now owns 178,061 shares of the company’s stock valued at $3,435,000 after buying an additional 1,552 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in Western Union by 145.0% in the first quarter. First Republic Investment Management Inc. now owns 198,565 shares of the company’s stock valued at $3,831,000 after buying an additional 117,530 shares during the last quarter.

Shares of Western Union Co. (NYSE:WU) traded up 0.05% during mid-day trading on Friday, reaching $21.48. The company’s stock had a trading volume of 1,341,204 shares. The company’s 50-day moving average is $20.25 and its 200-day moving average is $20.10. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 13.01 and a beta of 1.16. Western Union Co. has a 52 week low of $16.02 and a 52 week high of $21.80.

Several research firms have commented on WU. Barclays PLC raised their price objective on Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Jefferies Group raised their price objective on Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 5th. BTIG Research restated a “buy” rating and set a $23.00 price objective on shares of Western Union in a report on Monday, August 1st. Finally, Vetr downgraded Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price objective on the stock. in a report on Monday, August 29th. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Western Union currently has an average rating of “Hold” and an average price target of $18.91.

In other news, Director Michael Miles sold 21,281 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total value of $433,493.97. Following the sale, the director now directly owns 126,819 shares in the company, valued at $2,583,303.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Odilon Almeida sold 18,064 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $21.57, for a total value of $389,640.48. Following the completion of the sale, the executive vice president now owns 72,560 shares in the company, valued at $1,565,119.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About 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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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