Western Union Co. (NYSE:WU) – Equities researchers at First Analysis dropped their FY2016 earnings estimates for Western Union in a research note issued on Sunday. First Analysis analyst L. Berlin now expects that the firm will post earnings per share of $1.64 for the year, down from their prior forecast of $1.65.

WU has been the topic of a number of other research reports. Monness Crespi & Hardt downgraded Western Union from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research note on Thursday, September 8th. Vetr downgraded Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price target on the stock. in a research note on Monday, August 29th. Zacks Investment Research downgraded Western Union from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Morgan Stanley restated an “underweight” rating and set a $17.00 price target on shares of Western Union in a research note on Tuesday, August 23rd. Finally, Jefferies Group restated a “hold” rating and set a $19.00 price target on shares of Western Union in a research note on Thursday, November 3rd. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Western Union presently has a consensus rating of “Hold” and an average price target of $18.91.

Earnings History and Estimates for Western Union (NYSE:WU)

Shares of Western Union (NYSE:WU) opened at 19.94 on Wednesday. The stock has a 50 day moving average price of $20.14 and a 200-day moving average price of $20.02. Western Union has a 52-week low of $16.02 and a 52-week high of $21.80. The stock has a market capitalization of $9.67 billion, a PE ratio of 12.08 and a beta of 1.16.

A number of institutional investors have recently added to or reduced their stakes in the company. Seven Eight Capital LLC acquired a new stake in shares of Western Union during the first quarter worth approximately $105,000. Checchi Capital Advisers LLC increased its stake in shares of Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Western Union during the second quarter worth approximately $109,000. Canada Pension Plan Investment Board increased its stake in shares of Western Union by 147.8% in the third quarter. Canada Pension Plan Investment Board now owns 5,791 shares of the company’s stock worth $121,000 after buying an additional 3,454 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Western Union by 18.3% in the second quarter. IFP Advisors Inc now owns 6,214 shares of the company’s stock worth $119,000 after buying an additional 963 shares in the last quarter.

In other Western Union news, CFO Rajesh K. Agrawal sold 9,263 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $21.50, for a total transaction of $199,154.50. Following the completion of the transaction, the chief financial officer now owns 126,997 shares of the company’s stock, valued at $2,730,435.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Miles sold 21,281 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total value of $433,493.97. Following the transaction, the director now directly owns 126,819 shares of the company’s stock, valued at approximately $2,583,303.03. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.

5 Day Chart for NYSE:WU

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