The Western Union Company (NYSE:WU) EVP Sheri Rhodes sold 4,417 shares of the company’s stock in a transaction on Monday, June 25th. The shares were sold at an average price of $21.00, for a total transaction of $92,757.00. Following the sale, the executive vice president now owns 55,824 shares of the company’s stock, valued at $1,172,304. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE WU opened at $20.30 on Friday. The company has a debt-to-equity ratio of -8.36, a current ratio of 0.84 and a quick ratio of 0.84. The Western Union Company has a 12 month low of $18.38 and a 12 month high of $22.21. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.55 and a beta of 1.00.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Tuesday, May 1st. The credit services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The Western Union had a negative net margin of 9.00% and a positive return on equity of 698.54%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. equities research analysts expect that The Western Union Company will post 1.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.76 annualized dividend and a yield of 3.74%. The Western Union’s dividend payout ratio (DPR) is presently 42.22%.
Separately, ValuEngine lowered shares of The Western Union from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.06.
A number of hedge funds and other institutional investors have recently modified their holdings of WU. BlackRock Inc. increased its stake in shares of The Western Union by 34.9% in the 1st quarter. BlackRock Inc. now owns 40,821,351 shares of the credit services provider’s stock worth $784,995,000 after acquiring an additional 10,568,831 shares in the last quarter. Boston Partners bought a new position in shares of The Western Union in the 1st quarter worth about $131,161,000. Millennium Management LLC increased its stake in shares of The Western Union by 338.5% in the 4th quarter. Millennium Management LLC now owns 3,702,477 shares of the credit services provider’s stock worth $70,384,000 after acquiring an additional 2,858,037 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of The Western Union by 71.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,528,539 shares of the credit services provider’s stock worth $67,078,000 after acquiring an additional 1,470,957 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of The Western Union by 36.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,306,114 shares of the credit services provider’s stock worth $102,038,000 after acquiring an additional 1,417,494 shares in the last quarter.
The Western Union Company Profile
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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