Susquehanna Bancshares upgraded shares of The Western Union (NYSE:WU) from a negative rating to a neutral rating in a research report sent to investors on Monday, January 8th, Marketbeat.com reports.
A number of other equities research analysts have also issued reports on WU. UBS Group raised shares of The Western Union to a neutral rating in a report on Monday, January 8th. Citigroup upped their price objective on shares of The Western Union from $17.00 to $17.50 and gave the company a sell rating in a report on Friday, November 3rd. Morgan Stanley increased their target price on shares of The Western Union from $18.00 to $19.00 and gave the stock an underweight rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of The Western Union from a hold rating to a buy rating and set a $22.00 target price for the company in a research note on Monday, November 6th. Finally, ValuEngine raised shares of The Western Union from a hold rating to a buy rating in a research note on Friday, December 1st. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The Western Union presently has an average rating of Hold and an average price target of $19.59.
The Western Union (NYSE:WU) traded down $0.06 during trading hours on Monday, reaching $21.12. 3,665,700 shares of the company’s stock were exchanged, compared to its average volume of 9,251,789. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $9,700.26, a PE ratio of 45.91, a PEG ratio of 1.97 and a beta of 1.00. The Western Union has a 52 week low of $18.39 and a 52 week high of $22.23.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.70 annualized dividend and a yield of 3.31%. The Western Union’s dividend payout ratio (DPR) is 152.17%.
In other news, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now directly owns 93,694 shares in the company, valued at $2,060,331.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jean Claude Farah sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at $2,859,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,931 shares of company stock worth $1,794,643. 1.10% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in The Western Union by 8.4% in the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 627 shares during the period. Principal Financial Group Inc. raised its stake in shares of The Western Union by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 797,901 shares of the credit services provider’s stock worth $15,200,000 after buying an additional 23,430 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Western Union by 124.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,117,991 shares of the credit services provider’s stock worth $21,296,000 after buying an additional 620,801 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of The Western Union during the 2nd quarter worth $121,000. Finally, CIBC World Markets Inc. acquired a new position in shares of The Western Union during the 2nd quarter worth $1,510,000.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by BBNS and is owned by of BBNS. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/susquehanna-bancshares-upgrades-the-western-union-wu-to-neutral/1817719.html.
The Western Union 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.
Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.