The Western Union Company (NYSE:WU) receives an average rating of “Hold” by brokerages


The Western Union Company (NYSE:WU – Get Rating) has received a consensus recommendation of “Hold” from the seventeen analysts who currently cover the stock, reports Marketbeat Ratings. Five research analysts gave the stock a sell rating and eight gave the company a hold rating. The 1-year average price target among analysts who have rated the stock over the past year is $18.89.

Several equity research analysts have weighed in on the company recently. Northland Securities cut its price target on Western Union from $24.00 to $22.00 in a Thursday, Aug. 4, research report. Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a target price of $20.00 for the company. in a research note from Friday, April 29. UBS Group reduced its target price on Western Union from $19.00 to $18.00 and set a “neutral” rating for the company in a Thursday, Aug. 4 research note. Goldman Sachs Group cut its target price on Western Union from $18.00 to $15.50 and set a “sell” rating for the company in a Monday, Aug. 8 research note. Finally, JPMorgan Chase & Co. reduced its target price on Western Union from $20.00 to $19.00 in a Friday, April 29 research note.

Western Union Institutional Trade

Several large investors have recently changed their positions in WU. BlackRock Inc. increased its stake in Western Union by 17.2% in the fourth quarter. BlackRock Inc. now owns 60,702,355 shares of the credit service provider valued at $1,082,930,000 after acquiring 8,905,368 additional shares in the last quarter. Schroder Investment Management Group increased its holdings in Western Union by 121.2% in the fourth quarter. Schroder Investment Management Group now owns 7,143,709 shares of the credit service provider valued at $127,444,000 after acquiring an additional 3,914,104 shares in the last quarter. Discerene Group LP increased its stake in Western Union by 138.6% during the fourth quarter. Discerene Group LP now owns 5,681,336 shares of the credit services provider worth $101,355,000 after buying 3,299,899 additional shares in the last quarter. AQR Capital Management LLC increased its holdings in Western Union by 142.5% during the second quarter. AQR Capital Management LLC now owns 2,908,148 shares of the credit service provider worth $47,432,000 after purchasing an additional 1,708,759 shares in the last quarter. Finally, State Street Corp increased its stake in Western Union by 10.4% during the first quarter. State Street Corp now owns 16,856,481 shares of the credit service provider worth $315,890,000 after purchasing an additional 1,592,331 shares in the last quarter. Institutional investors hold 97.43% of the company’s shares.

Western Union shares down 3.0%

Western Union shares opened at $16.02 on Thursday. The stock has a market capitalization of $6.18 billion, a P/E ratio of 7.18 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt ratio of 6.01. The stock has a 50-day moving average price of $16.52 and a 200-day moving average price of $17.67. Western Union has a 12-month low of $15.30 and a 12-month high of $22.32.

Western Union (NYSE:WU – Get Rating) last announced its results on Wednesday, August 3. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating analyst consensus estimates of $0.41 by $0.10. Western Union had a return on equity of 239.89% and a net margin of 18.27%. In the same quarter of the previous year, the company had earned earnings per share of $0.48. Stock analysts expect Western Union to post 1.8 earnings per share for the current year.

Western Union Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 16 will receive a dividend of $0.235 per share. This represents an annualized dividend of $0.94 and a dividend yield of 5.87%. The ex-dividend date is Thursday, September 15. Western Union’s payout rate is currently 42.15%.

Western Union Company Profile

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The Western Union Company provides money transfer and payment services worldwide. The Company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions via websites and mobile devices.

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Analyst recommendations for Western Union (NYSE: WU)



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