Shares of Western Union Company (The) (NYSE:WU) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.38.

A number of equities research analysts recently issued reports on the stock. Mizuho restated a “sell” rating and issued a $16.00 target price on shares of Western Union Company (The) in a report on Sunday. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Western Union Company (The) in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of WU. BlackRock Inc. raised its holdings in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after acquiring an additional 33,487,639 shares in the last quarter. Bank of Montreal Can raised its holdings in Western Union Company (The) by 162.0% in the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock valued at $56,515,000 after acquiring an additional 1,834,328 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Western Union Company (The) in the first quarter valued at $30,448,000. MARSHALL WACE ASIA Ltd acquired a new stake in Western Union Company (The) in the first quarter valued at $30,448,000. Finally, Janus Capital Management LLC raised its holdings in Western Union Company (The) by 110.4% in the first quarter. Janus Capital Management LLC now owns 1,900,122 shares of the credit services provider’s stock valued at $38,667,000 after acquiring an additional 997,151 shares in the last quarter.

Western Union Company (WU) opened at 19.70 on Wednesday. The stock has a 50 day moving average of $19.12 and a 200 day moving average of $19.25. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 50.64 and a beta of 1.20. Western Union Company has a one year low of $18.39 and a one year high of $22.70.

Western Union Company (The) (NYSE:WU) last released 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. Western Union Company (The)’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Western Union Company will post $1.77 earnings per share for the current year.

Western Union Company (The) 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 Western Union Company (The) (NYSE:WU)

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