Jean Claude Farah Sells 50,813 Shares of The Western Union Company (NYSE:WU) Stock

The Western Union Company (NYSE:WU) EVP Jean Claude Farah sold 50,813 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jean Claude Farah also recently made the following trade(s):

  • On Friday, November 3rd, Jean Claude Farah sold 17,518 shares of The Western Union stock. The shares were sold at an average price of $20.50, for a total value of $359,119.00.

Shares of The Western Union Company (NYSE WU) opened at $20.69 on Friday. The Western Union Company has a twelve month low of $18.39 and a twelve month high of $22.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $9,461.42, a price-to-earnings ratio of 44.98, a PEG ratio of 1.93 and a beta of 1.00.

The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The Western Union had a return on equity of 116.85% and a net margin of 3.83%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. sell-side analysts expect that The Western Union Company will post 1.83 earnings per share for the current year.

Several research analysts recently issued reports on WU shares. Jefferies Group reissued a “hold” rating and issued a $19.00 price objective on shares of The Western Union in a research note on Thursday, October 12th. Mizuho reissued a “sell” rating and issued a $16.00 price objective on shares of The Western Union in a research note on Sunday, October 15th. UBS Group raised The Western Union to a “neutral” rating in a research note on Monday, January 8th. Morgan Stanley increased their price objective on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Finally, ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The Western Union currently has a consensus rating of “Hold” and a consensus target price of $19.85.

Hedge funds have recently modified their holdings of the stock. PGGM Investments raised its stake in The Western Union by 0.4% in the 3rd quarter. PGGM Investments now owns 1,713,369 shares of the credit services provider’s stock worth $32,897,000 after acquiring an additional 6,772 shares during the last quarter. Janus Henderson Group PLC raised its stake in The Western Union by 219.4% in the 2nd quarter. Janus Henderson Group PLC now owns 174,463 shares of the credit services provider’s stock worth $3,324,000 after acquiring an additional 119,846 shares during the last quarter. Sun Life Financial INC raised its stake in The Western Union by 94.5% in the 3rd quarter. Sun Life Financial INC now owns 22,160 shares of the credit services provider’s stock worth $425,000 after acquiring an additional 10,765 shares during the last quarter. PVG Asset Management Corp purchased a new position in The Western Union in the 3rd quarter worth $269,000. Finally, Polaris Capital Management LLC raised its stake in The Western Union by 2.2% in the 2nd quarter. Polaris Capital Management LLC now owns 1,442,816 shares of the credit services provider’s stock worth $27,486,000 after acquiring an additional 31,400 shares during the last quarter.

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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.

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