The Western Union (NYSE:WU) was upgraded by equities researchers at Susquehanna Bancshares from a “negative” rating to a “neutral” rating in a research report issued to clients and investors on Monday.
Several other research firms also recently commented on WU. UBS Group raised shares of The Western Union to a “neutral” rating in a research report on Monday. Mizuho reissued a “sell” rating and set a $16.00 target price on shares of The Western Union in a research report on Sunday, October 15th. Jefferies Group restated a “hold” rating and set a $19.00 price target on shares of The Western Union in a report on Thursday, October 12th. ValuEngine upgraded shares of The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, November 6th. Seven analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.59.
The Western Union (NYSE:WU) traded up $1.15 on Monday, reaching $20.60. 16,589,500 shares of the company’s stock traded hands, compared to its average volume of 9,711,100. The Western Union has a 12-month low of $18.39 and a 12-month high of $22.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $9,461.42, a P/E ratio of 44.78, a P/E/G ratio of 1.92 and a beta of 1.00.
In related news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total transaction of $359,119.00. Following the sale, the executive vice president now directly owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans increased its holdings in The Western Union by 1.1% during the 2nd 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 during the period. Pacer Advisors Inc. increased its holdings in shares of The Western Union by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after buying an additional 627 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of The Western Union by 4.2% in the 2nd quarter. Advisory Services Network LLC now owns 21,115 shares of the credit services provider’s stock worth $402,000 after buying an additional 858 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of The Western Union by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 28,409 shares of the credit services provider’s stock worth $541,000 after buying an additional 889 shares during the last quarter. Finally, Isthmus Partners LLC increased its holdings in shares of The Western Union by 0.8% in the 2nd quarter. Isthmus Partners LLC now owns 290,449 shares of the credit services provider’s stock worth $5,533,000 after buying an additional 2,334 shares during the last quarter.
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About The Western Union
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.
