Western Union Company (The)’s (WU) Hold Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Western Union Company (The) (NYSE:WU) in a report issued on Wednesday morning. Stifel Nicolaus currently has a $20.00 target price on the credit services provider’s stock, up from their previous target price of $19.00.

A number of other equities analysts also recently commented on WU. Barclays PLC upped their target price on Western Union Company (The) from $21.00 to $22.00 and gave the company an underweight rating in a report on Friday, August 4th. BidaskClub downgraded Western Union Company (The) from a hold rating to a sell rating in a report on Friday, June 9th. Zacks Investment Research upgraded Western Union Company (The) from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Tuesday, May 2nd. TheStreet upgraded Western Union Company (The) from a c rating to a b- rating in a report on Tuesday, May 2nd. Finally, Mizuho assumed coverage on Western Union Company (The) in a report on Tuesday, June 27th. They set an underperform rating and a $16.00 target price for the company. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Western Union Company (The) currently has a consensus rating of Hold and an average price target of $20.27.

Western Union Company (NYSE:WU) opened at 18.90 on Wednesday. The firm’s 50-day moving average is $19.15 and its 200 day moving average is $19.52. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 48.59 and a beta of 1.19. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70.

Western Union Company (The) (NYSE:WU) last announced its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities analysts expect that Western Union Company will post $1.77 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.70%. Western Union Company (The)’s payout ratio is 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in WU. OxFORD Asset Management LLP boosted its stake in Western Union Company (The) by 185.1% in the second quarter. OxFORD Asset Management LLP now owns 552,792 shares of the credit services provider’s stock worth $10,531,000 after buying an additional 358,923 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Western Union Company (The) by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,895,770 shares of the credit services provider’s stock worth $36,113,000 after buying an additional 11,627 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in Western Union Company (The) by 24.0% in the second quarter. Virtu KCG Holdings LLC now owns 33,159 shares of the credit services provider’s stock worth $632,000 after buying an additional 6,414 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Western Union Company (The) by 45.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,643,646 shares of the credit services provider’s stock worth $31,311,000 after buying an additional 517,361 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Western Union Company (The) by 8.5% in the second quarter. Advisor Group Inc. now owns 63,398 shares of the credit services provider’s stock worth $1,202,000 after buying an additional 4,946 shares in the last quarter.

Western Union Company (The) Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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