William Blair Reiterates “Market Perform” Rating for The Western Union (WU)

The Western Union (NYSE:WU)‘s stock had its “market perform” rating reaffirmed by William Blair in a note issued to investors on Wednesday.

WU has been the subject of several other reports. UBS Group upgraded shares of The Western Union to a “neutral” rating in a research report on Monday, January 8th. Citigroup lifted their target price on shares of The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a research report on Friday, November 3rd. Morgan Stanley lifted their target price on shares of The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded 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 report on Monday, November 6th. Finally, Susquehanna Bancshares upgraded shares of The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The Western Union presently has an average rating of “Hold” and a consensus price target of $19.85.

Shares of The Western Union (NYSE WU) opened at $20.30 on Wednesday. The Western Union has a 1 year low of $18.39 and a 1 year high of $22.21. The stock has a market cap of $9,080.21, a P/E ratio of 44.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00.

The Western Union (NYSE:WU) last announced its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The Western Union had a net margin of 3.83% and a return on equity of 116.85%. During the same quarter in the prior year, the business earned $0.47 EPS. equities research analysts anticipate that The Western Union will post 1.83 EPS for the current year.

In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of The Western Union stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now directly owns 152,362 shares of the company’s stock, valued at $3,275,783. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of The Western Union stock in a transaction that occurred on Monday, January 8th. The stock was 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of The Western Union by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after acquiring an additional 222,786 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in shares of The Western Union by 1.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 9,139,401 shares of the credit services provider’s stock worth $173,740,000 after buying an additional 94,611 shares during the period. LSV Asset Management increased its stake in shares of The Western Union by 6.3% in the fourth quarter. LSV Asset Management now owns 8,203,357 shares of the credit services provider’s stock worth $155,945,000 after buying an additional 483,400 shares during the period. Geode Capital Management LLC increased its stake in shares of The Western Union by 13.9% in the fourth quarter. Geode Capital Management LLC now owns 5,517,365 shares of the credit services provider’s stock worth $104,692,000 after buying an additional 673,748 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of The Western Union by 3.4% in the fourth quarter. Bank of Montreal Can now owns 3,977,156 shares of the credit services provider’s stock worth $75,605,000 after buying an additional 131,522 shares during the period.

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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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