Insider Selling: The Western Union Company (NYSE:WU) Insider Sells 16,895 Shares of Stock

The Western Union Company (NYSE:WU) insider Khalid Fellahi sold 16,895 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $23.84, for a total value of $402,776.80. Following the completion of the transaction, the insider now owns 160,764 shares of the company’s stock, valued at $3,832,613.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:WU opened at $23.90 on Tuesday. The business’s 50 day moving average price is $22.85 and its 200-day moving average price is $22.33. The Western Union Company has a 1 year low of $17.39 and a 1 year high of $25.30. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.47 and a beta of 0.88.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 9th. The credit services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The Western Union had a net margin of 12.38% and a negative return on equity of 1,029.12%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts forecast that The Western Union Company will post 1.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Wednesday, March 17th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Tuesday, March 16th. This is an increase from The Western Union’s previous quarterly dividend of $0.23. The Western Union’s dividend payout ratio is 52.02%.

A number of institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in The Western Union by 2.4% during the 3rd quarter. State Street Corp now owns 23,874,676 shares of the credit services provider’s stock worth $511,634,000 after buying an additional 559,547 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of The Western Union by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 9,869,687 shares of the credit services provider’s stock worth $216,543,000 after purchasing an additional 387,028 shares in the last quarter. Prudential PLC increased its position in shares of The Western Union by 7,541.8% during the third quarter. Prudential PLC now owns 3,701,222 shares of the credit services provider’s stock worth $79,317,000 after purchasing an additional 3,652,788 shares in the last quarter. Schroder Investment Management Group raised its stake in The Western Union by 24.5% in the 4th quarter. Schroder Investment Management Group now owns 3,601,832 shares of the credit services provider’s stock valued at $79,024,000 after purchasing an additional 708,810 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in The Western Union by 0.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 3,377,858 shares of the credit services provider’s stock valued at $72,387,000 after purchasing an additional 21,216 shares in the last quarter.

A number of research firms have issued reports on WU. Guggenheim raised shares of The Western Union from a “neutral” rating to a “buy” rating in a research report on Friday, January 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of The Western Union from a “sell” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $22.00 in a research report on Thursday, November 5th. Barclays upped their price target on shares of The Western Union from $20.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, February 16th. TheStreet raised The Western Union from a “c+” rating to a “b” rating in a report on Thursday, October 29th. Finally, Wells Fargo & Company raised The Western Union from an “underweight” rating to an “equal weight” rating and set a $25.00 target price on the stock in a report on Thursday, February 11th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.

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.

Further Reading: Key terms to understand channel trading

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.