Insider Buying: The Western Union Company (NYSE:WU) Director Buys 10,000 Shares of Stock

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The Western Union Company (NYSE:WU) Director Jan Siegmund acquired 10,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of $26.21 per share, with a total value of $262,100.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $262,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WU stock opened at $26.24 on Friday. The Western Union Company has a twelve month low of $17.52 and a twelve month high of $28.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 101.99. The business has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $24.96. The company has a market capitalization of $11.00 billion, a P/E ratio of 10.05, a PEG ratio of 0.93 and a beta of 0.78.

The Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, February 11th. The credit services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.49 EPS. Research analysts predict that The Western Union Company will post 1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Monday, March 16th. This is a boost from The Western Union’s previous quarterly dividend of $0.20. The Western Union’s dividend payout ratio is 41.67%.

WU has been the subject of several research analyst reports. Wolfe Research set a $24.00 price objective on The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Morgan Stanley set a $20.00 price objective on The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Credit Suisse Group initiated coverage on The Western Union in a report on Thursday, January 23rd. They issued an “underperform” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Wednesday, January 29th. Finally, SunTrust Banks increased their price objective on The Western Union to $26.00 and gave the company a “hold” rating in a report on Monday, November 4th. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.81.

Several institutional investors have recently added to or reduced their stakes in WU. Pinnacle Financial Partners Inc. purchased a new position in The Western Union in the fourth quarter worth $26,000. CENTRAL TRUST Co raised its position in The Western Union by 73.4% in the third quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock worth $52,000 after acquiring an additional 950 shares in the last quarter. American National Bank purchased a new position in The Western Union in the fourth quarter worth $56,000. Quest Capital Management Inc. ADV purchased a new position in The Western Union in the third quarter worth $62,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in The Western Union by 34.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,777 shares of the credit services provider’s stock worth $74,000 after acquiring an additional 710 shares in the last quarter.

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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Insider Buying and Selling by Quarter for The Western Union (NYSE:WU)

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