Western Union Co. (NYSE:WU) has been given an average recommendation of “Hold” by the twenty brokerages that are covering the stock. Eight research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.69.

Several equities research analysts have recently commented on the stock. Vetr lowered shares of Western Union from a “hold” rating to a “sell” rating and set a $19.20 price target for the company. in a report on Wednesday, July 13th. Barclays PLC lowered shares of Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a report on Thursday, July 7th. Morgan Stanley restated an “underweight” rating and issued a $17.00 price target on shares of Western Union in a report on Tuesday, August 23rd. Zacks Investment Research lowered shares of Western Union from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Monness Crespi & Hardt lowered shares of Western Union from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Thursday, September 8th.

In related news, insider Hikmet Ersek sold 276,127 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $21.52, for a total value of $5,942,253.04. Following the completion of the transaction, the insider now directly owns 407,285 shares in the company, valued at approximately $8,764,773.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Betsy D. Holden sold 21,281 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now owns 93,826 shares of the company’s stock, valued at $1,972,222.52. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Boston Advisors LLC boosted its position in Western Union by 46.8% in the second quarter. Boston Advisors LLC now owns 654,697 shares of the company’s stock valued at $12,557,000 after buying an additional 208,860 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Western Union by 19.4% in the first quarter. Panagora Asset Management Inc. now owns 2,202,885 shares of the company’s stock valued at $42,494,000 after buying an additional 358,164 shares in the last quarter. Legal & General Group Plc boosted its position in Western Union by 0.5% in the first quarter. Legal & General Group Plc now owns 2,430,432 shares of the company’s stock valued at $46,885,000 after buying an additional 11,153 shares in the last quarter. Geode Capital Management LLC boosted its position in Western Union by 4.6% in the first quarter. Geode Capital Management LLC now owns 4,444,158 shares of the company’s stock valued at $85,566,000 after buying an additional 196,483 shares in the last quarter. Finally, PGGM Investments boosted its position in Western Union by 452.0% in the second quarter. PGGM Investments now owns 1,908,009 shares of the company’s stock valued at $36,596,000 after buying an additional 1,562,332 shares in the last quarter.

Shares of Western Union (NYSE:WU) traded down 0.573% on Thursday, reaching $19.945. 643,621 shares of the company were exchanged. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 12.001 and a beta of 1.19. Western Union has a 52 week low of $16.02 and a 52 week high of $21.80. The firm’s 50 day moving average price is $20.73 and its 200 day moving average price is $19.98.

Western Union (NYSE:WU) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Western Union will post $1.65 EPS for the current year.

About 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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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