Western Union Company (The) (NYSE:WU) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.38.

A number of equities research analysts have issued reports on WU shares. BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Mizuho started coverage on shares of Western Union Company (The) in a report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 target price on the stock. Barclays PLC boosted their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Finally, ValuEngine cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

Shares of Western Union Company (NYSE:WU) opened at 18.99 on Friday. The firm has a market cap of $8.81 billion, a P/E ratio of 48.82 and a beta of 1.20. Western Union Company has a 12 month low of $18.39 and a 12 month high of $22.70. The company’s 50-day moving average price is $19.06 and its 200-day moving average price is $19.35.

Western Union Company (The) (NYSE:WU) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Western Union Company will post $1.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.69%. Western Union Company (The)’s payout ratio is currently 179.49%.

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In other news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the transaction, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Financial Architects Inc grew its position in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after acquiring an additional 144 shares in the last quarter. Loudon Investment Management LLC grew its position in Western Union Company (The) by 1.4% in the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock worth $213,000 after acquiring an additional 150 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Western Union Company (The) by 1.1% in the second quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock worth $341,000 after acquiring an additional 190 shares in the last quarter. Pacer Advisors Inc. grew its position in Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after acquiring an additional 224 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its position in Western Union Company (The) by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock worth $1,430,000 after acquiring an additional 239 shares in the last quarter.

About Western Union Company (The)

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 Western Union Company (The) (NYSE:WU)

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