The Western Union Company (WU) Receives $19.20 Consensus Target Price from Analysts

Shares of The Western Union Company (NYSE:WU) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.75.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of The Western Union from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Keefe, Bruyette & Woods assumed coverage on shares of The Western Union in a research report on Thursday, December 6th. They issued a “market perform” rating for the company. Barclays assumed coverage on shares of The Western Union in a research report on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 target price for the company. Finally, Wells Fargo & Co cut shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research report on Tuesday, November 6th.

Shares of NYSE:WU traded up $0.06 during midday trading on Friday, hitting $17.76. The stock had a trading volume of 106,528 shares, compared to its average volume of 4,284,251. The stock has a market capitalization of $7.75 billion, a PE ratio of 9.87, a PEG ratio of 2.11 and a beta of 1.00. The Western Union has a fifty-two week low of $16.42 and a fifty-two week high of $21.37.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. On average, sell-side analysts forecast that The Western Union will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 17th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Friday, December 14th. The Western Union’s dividend payout ratio is 42.22%.

In related news, EVP Caroline Tsai sold 2,440 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $18.51, for a total transaction of $45,164.40. Following the completion of the transaction, the executive vice president now directly owns 43,244 shares in the company, valued at approximately $800,446.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roberto G. Mendoza sold 18,709 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was 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 of the company’s stock, valued at $1,425,749.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,324 shares of company stock valued at $425,914. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in WU. Bank of New York Mellon Corp increased its position in The Western Union by 53,019.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 29,221,152 shares of the credit services provider’s stock worth $556,956,000 after purchasing an additional 29,166,142 shares in the last quarter. Capital World Investors increased its position in The Western Union by 6,210.5% during the 3rd quarter. Capital World Investors now owns 9,150,165 shares of the credit services provider’s stock worth $174,402,000 after purchasing an additional 9,005,165 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in The Western Union by 83.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 11,775,000 shares of the credit services provider’s stock worth $224,432,000 after purchasing an additional 5,353,000 shares in the last quarter. Clarkston Capital Partners LLC increased its position in The Western Union by 9.0% during the 3rd quarter. Clarkston Capital Partners LLC now owns 10,403,376 shares of the credit services provider’s stock worth $198,288,000 after purchasing an additional 855,121 shares in the last quarter. Finally, Lyrical Asset Management LP increased its position in The Western Union by 6.5% during the 3rd quarter. Lyrical Asset Management LP now owns 13,200,987 shares of the credit services provider’s stock worth $251,611,000 after purchasing an additional 809,286 shares in the last quarter.

About The Western Union

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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