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.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/02/the-western-union-company-wu-evp-jean-claude-farah-sells-50813-shares.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.