The Western Union (NYSE:WU) Raised to “Neutral” at Susquehanna Bancshares

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 Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts predict that The Western Union will post 1.83 earnings per share for the current year.

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.

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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.

Analyst Recommendations for The Western Union (NYSE:WU)

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