Will Western Union’s Worries Cause These Top Institutional Shareholders To Look For Something Else?

Western Union Company (NYSE:WU) shareholders are increasingly worried about the company’s seeming lack of concern about the rise of nimbler and more digital competitors that are taking away market share in emerging markets, forcing Western Union to cut prices so that they can recoup their position. This factor, combined with the loss of exclusivity due to the lapse of long standing agreements with the Mexican financial services group Grupo Elektra, means Western Union’s best markets could be under threat. Competition from online rivals led Moody’s to downgrade the company’s ratings in November. According to analysts, Chief Executive Hikmet Ersek has about a year to tackle these issues and if he fails, he may have to face shareholders’ ire.

Will  Western Union Co.’s shareholders increase their holdings? They reported owning a total of 144.692 million shares on 12/31/2012. The shares closed at $13.61 on 12/31/2012.

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Here are the ten largest positions in Western Union Co. at the end of December 31st, 2012.

Vanguard Group Inc. held 26,873,103 shares on 12/31/2012 worth $365,742,923. This brought the portfolio total to 0.05%.

Manning & Napier Advisors LLC. held 16,938,992 shares on 12/31/2012 worth $230,539,675. This brought the portfolio total to 1.21%.

Bank of New York Mellon Corp. held 11,721,067 shares on 12/31/2012 worth $159,523,718. This brought the portfolio total to 0.06%.

American International Group Inc. held 8,165,192 shares on 12/31/2012 worth $111,128,260. This brought the portfolio total to 0.83%.

Schroder Investment Management Group held 4,622,000 shares on 12/31/2012 worth $62,905,418. This brought the portfolio total to 0.01%.

Cornerstone Capital Management LLC. held 4,080,470 shares on 12/31/2012 worth $55,535,195. This brought the portfolio total to 3.3%.

Makaira Partners LLC. held 3,764,081 shares on 12/31/2012 worth $51,229,141. This brought the portfolio total to 21.67%.

St. James Investment Company LLC. held 2,809,567 shares on 12/31/2012 worth $38,238,206. This brought the portfolio total to 3.97%.

Seizert Capital Partners LLC. held 2,668,116 shares on 12/31/2012 worth $36,313,058. This brought the portfolio total to 1.15%.

Legal & General Group PLC. held 2,482,311 shares on 12/31/2012 worth $33,784,252. This brought the portfolio total to 0.05%.

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