The Western Union Company (NYSE:WU) Director Roberto G. Mendoza sold 26,504 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $26.94, for a total transaction of $714,017.76. Following the completion of the sale, the director now directly owns 94,334 shares in the company, valued at $2,541,357.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:WU opened at $26.81 on Wednesday. The company has a fifty day moving average of $26.49 and a 200-day moving average of $22.65. The firm has a market capitalization of $11.29 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $28.00.
The Western Union (NYSE:WU) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The Western Union’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in WU. AGF Investments LLC grew its position in The Western Union by 25.6% in the 2nd quarter. AGF Investments LLC now owns 18,108 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 3,687 shares during the period. CIBC Asset Management Inc increased its stake in shares of The Western Union by 3.2% during the 2nd quarter. CIBC Asset Management Inc now owns 42,238 shares of the credit services provider’s stock worth $840,000 after purchasing an additional 1,300 shares during the last quarter. Andra AP fonden increased its stake in shares of The Western Union by 27.0% during the 3rd quarter. Andra AP fonden now owns 400,200 shares of the credit services provider’s stock worth $9,273,000 after purchasing an additional 85,100 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of The Western Union by 30.6% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 54,994 shares of the credit services provider’s stock worth $2,341,000 after purchasing an additional 12,881 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of The Western Union by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 3,733,524 shares of the credit services provider’s stock worth $86,506,000 after purchasing an additional 248,390 shares during the period.
A number of brokerages recently weighed in on WU. Deutsche Bank set a $25.00 target price on shares of The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. Citigroup set a $20.50 price target on shares of The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday. TheStreet downgraded The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Finally, Barclays lifted their price objective on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.77.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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