Research analysts at Keefe, Bruyette & Woods initiated coverage on shares of The Western Union (NYSE:WU) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set a “market perform” rating on the credit services provider’s stock.
WU has been the topic of several other reports. Zacks Investment Research raised The Western Union from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Barclays started coverage on The Western Union in a report on Wednesday, November 14th. They set an “underweight” rating and a $18.00 target price on the stock. Finally, Wells Fargo & Co lowered The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a report on Tuesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.83.
Shares of NYSE WU opened at $18.15 on Thursday. The Western Union has a one year low of $17.40 and a one year high of $22.21. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.24 and a beta of 1.04.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts predict that The Western Union will post 1.92 earnings per share for the current year.
In other news, EVP Sheri Rhodes sold 2,175 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $19.02, for a total transaction of $41,368.50. Following the sale, the executive vice president now directly owns 51,775 shares of the company’s stock, valued at approximately $984,760.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WU. Piedmont Investment Advisors LLC bought a new stake in shares of The Western Union during the 2nd quarter worth $109,000. FIL Ltd bought a new stake in shares of The Western Union during the 3rd quarter worth $158,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of The Western Union by 121.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,290 shares of the credit services provider’s stock worth $177,000 after buying an additional 5,091 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of The Western Union during the 2nd quarter worth $217,000. Finally, AQR Capital Management LLC bought a new stake in shares of The Western Union during the 3rd quarter worth $224,000.
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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