ValuEngine cut shares of Western Union Company (The) (NYSE:WU) from a buy rating to a hold rating in a research note released on Friday.

A number of other equities analysts have also recently weighed in on WU. Stifel Nicolaus reaffirmed a hold rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Barclays PLC increased their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an underweight rating in a research report on Friday, August 4th. BidaskClub cut shares of Western Union Company (The) from a hold rating to a sell rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Thursday, May 4th. Finally, Mizuho assumed coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They set an underperform rating and a $16.00 price objective for the company. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $20.56.

Shares of Western Union Company (WU) opened at 18.79 on Friday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 48.30 and a beta of 1.20. The company has a 50 day moving average price of $19.20 and a 200-day moving average price of $19.43. Western Union Company has a one year low of $18.42 and a one year high of $22.70.

Western Union Company (The) (NYSE:WU) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Equities analysts predict that Western Union Company will post $1.77 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.73%. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

In other news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the sale, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WU. Whittier Trust Co. lifted its position in shares of Western Union Company (The) by 6.1% during the 1st quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after purchasing an additional 288 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Western Union Company (The) during the 2nd quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Western Union Company (The) during the 2nd quarter worth $129,000. Financial Architects Inc lifted its position in shares of Western Union Company (The) by 2.1% during the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 144 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Western Union Company (The) by 3.1% during the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 239 shares during the last quarter.

Western Union Company (The) Company Profile

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.

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Analyst Recommendations for Western Union Company (The) (NYSE:WU)

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