The Western Union (NYSE:WU) Sets New 12-Month High at $24.17

The Western Union Company (NYSE:WU)’s stock price reached a new 52-week high on Thursday . The company traded as high as $24.17 and last traded at $24.08, with a volume of 14574 shares. The stock had previously closed at $23.96.

A number of equities analysts recently weighed in on the stock. Guggenheim raised shares of The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, September 27th. TheStreet raised shares of The Western Union from a “c+” rating to a “b” rating in a research report on Thursday, August 1st. Barclays increased their price objective on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Citigroup increased their price objective on shares of The Western Union from $17.50 to $20.50 and gave the stock a “sell” rating in a research report on Monday, October 14th. Finally, BTIG Research increased their price objective on shares of The Western Union to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.58.

The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $10.16 billion, a PE ratio of 12.52, a PEG ratio of 1.42 and a beta of 0.80. The company’s 50-day simple moving average is $22.97 and its 200 day simple moving average is $20.81.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts forecast that The Western Union Company will post 1.77 EPS for the current year.

In other The Western Union news, insider Khalid Fellahi sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.00, for a total value of $108,738.00. Following the completion of the transaction, the insider now owns 103,077 shares of the company’s stock, valued at approximately $2,164,617. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betsy D. Holden sold 15,474 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $21.16, for a total transaction of $327,429.84. Following the completion of the transaction, the director now directly owns 103,652 shares of the company’s stock, valued at approximately $2,193,276.32. The disclosure for this sale can be found here. Insiders sold a total of 56,102 shares of company stock valued at $1,262,584 in the last three months. 1.33% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Curbstone Financial Management Corp acquired a new stake in shares of The Western Union in the 3rd quarter valued at $423,000. NEXT Financial Group Inc raised its holdings in shares of The Western Union by 34.9% in the 3rd quarter. NEXT Financial Group Inc now owns 8,071 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 2,087 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of The Western Union by 8.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,086,013 shares of the credit services provider’s stock valued at $48,334,000 after purchasing an additional 166,615 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of The Western Union by 16.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 126,111 shares of the credit services provider’s stock valued at $2,922,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of The Western Union by 9.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,485 shares of the credit services provider’s stock valued at $868,000 after purchasing an additional 3,109 shares in the last quarter.

About The Western Union (NYSE:WU)

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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