Traders Purchase Large Volume of Put Options on The Western Union (NYSE:WU)

The Western Union Company (NYSE:WU) saw some unusual options trading activity on Monday. Stock traders purchased 575 put options on the company. This represents an increase of 688% compared to the typical daily volume of 73 put options.

WU has been the topic of several research reports. UBS Group upgraded shares of The Western Union to a “neutral” rating in a report on Monday. Citigroup raised their price target on shares of The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a report on Friday, November 3rd. Morgan Stanley raised their price target on shares of The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, November 6th. Finally, Susquehanna Bancshares raised shares of The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The Western Union currently has an average rating of “Hold” and an average target price of $19.59.

In other news, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,931 shares of company stock worth $1,794,643. 1.10% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV lifted its stake in The Western Union by 74.7% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 49,755 shares of the credit services provider’s stock worth $949,000 after purchasing an additional 21,270 shares during the last quarter. Sawyer & Company Inc bought a new position in The Western Union during the fourth quarter worth $355,000. Oak Point Wealth Management bought a new position in The Western Union during the fourth quarter worth $420,000. Hefty Wealth Partners lifted its stake in The Western Union by 3,066.9% during the fourth quarter. Hefty Wealth Partners now owns 45,698 shares of the credit services provider’s stock worth $869,000 after purchasing an additional 44,255 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in The Western Union by 7.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,716,140 shares of the credit services provider’s stock worth $32,950,000 after purchasing an additional 118,060 shares during the last quarter.

Shares of The Western Union (NYSE WU) opened at $21.18 on Friday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The Western Union has a 1 year low of $18.39 and a 1 year high of $22.25. The stock has a market cap of $9,730.00, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00.

The Western Union (NYSE:WU) last released its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The Western Union had a net margin of 16.77% and a return on equity of 137.89%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts forecast that The Western Union will post 1.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, December 15th. The Western Union’s payout ratio is currently 152.17%.

ILLEGAL ACTIVITY WARNING: “Traders Purchase Large Volume of Put Options on The Western Union (NYSE:WU)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/12/investors-buy-high-volume-of-the-western-union-put-options-wu.html.

About The Western Union

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.

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.

Leave a Reply