Should You Consider Selling The Western Union Company (WU)?

Ariel Investments, an investment management company, released its “Ariel Focus Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined -7.45%, compared to -5.62% return for the Russell 1000 Value Index and -4.88% loss for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like The Western Union Company (NYSE:WU) in its Q3 2022 investor letter. Headquartered in Denver, Colorado, The Western Union Company (NYSE:WU) offers money movement services to Consumer-to-Consumer, and Business Solutions On December 2, 2022, The Western Union Company (NYSE:WU) stock closed at $14.44 per share. One-month return of The Western Union Company (NYSE:WU) was 11.94%, and its shares lost 19.10% of their value over the last 52 weeks. The Western Union Company (NYSE:WU) has a market capitalization of $5.576 billion.

Ariel Investment made the following comment about The Western Union Company (NYSE:WU) in its Q3 2022 investor letter:

“Global leader in money transfer services The Western Union Company (NYSE:WU) also traded lower in the period on mixed earnings results. Softness in retail money transfer resulted in weaker than expected revenues, however, operating profit margin expansion drove a bottom-line beat. Management also continues to return capital to shareholders through dividends and share repurchases. Although the company anticipates the macroeconomic environment will continue to slow, it reminded investors remittances have proved resilient in prior periods of economic contraction. At current levels, WU is trading at a -41% discount to our estimate of private market value.”

Pixabay/ Public Domain

The Western Union Company (NYSE:WU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held The Western Union Company (NYSE:WU) at the end of the third quarter, which was 21 in the previous quarter.

We discussed The Western Union Company (NYSE:WU) in another article and shared the list of biggest losers in the third week of October. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.