The Western Union Company (WU) Given Consensus Rating of “Hold” by Brokerages

Shares of The Western Union Company (NYSE:WU) have been given an average rating of “Hold” by the ten research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.20.

Several research firms recently commented on WU. Wells Fargo & Co lowered shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research note on Tuesday, November 6th. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Saturday, December 1st. Keefe, Bruyette & Woods began coverage on shares of The Western Union in a research note on Thursday, December 6th. They set a “market perform” rating for the company. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, Barclays began coverage on shares of The Western Union in a research note on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price objective for the company.

NYSE WU opened at $17.41 on Friday. The company has a market cap of $7.57 billion, a P/E ratio of 9.67, a PEG ratio of 2.06 and a beta of 1.00. The Western Union has a 52 week low of $16.42 and a 52 week high of $21.39.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.43 billion. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The Western Union’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. On average, analysts forecast that The Western Union will post 1.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 17th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.37%. The Western Union’s payout ratio is 42.22%.

In other The Western Union news, Director Roberto G. Mendoza sold 18,709 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $18.14, for a total transaction of $339,381.26. Following the transaction, the director now owns 78,597 shares in the company, valued at approximately $1,425,749.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sheri Rhodes sold 2,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total transaction of $41,368.50. Following the transaction, the executive vice president now owns 51,775 shares in the company, valued at approximately $984,760.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,324 shares of company stock worth $425,914 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Polaris Capital Management LLC boosted its holdings in shares of The Western Union by 10.7% in the 3rd quarter. Polaris Capital Management LLC now owns 2,029,128 shares of the credit services provider’s stock valued at $38,675,000 after acquiring an additional 196,812 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of The Western Union by 4.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 281,840 shares of the credit services provider’s stock valued at $5,374,000 after acquiring an additional 12,961 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of The Western Union by 608.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 413,488 shares of the credit services provider’s stock valued at $7,881,000 after acquiring an additional 355,117 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of The Western Union in the 3rd quarter valued at $787,000. Finally, AQR Capital Management LLC purchased a new stake in shares of The Western Union in the 3rd quarter valued at $224,000.

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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Analyst Recommendations for The Western Union (NYSE:WU)

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