Shares of The Western Union Company (NYSE:WU – Get Rating) received an average recommendation of “Hold” from the sixteen ratings companies that cover the stock, Marketbeat.com reports. Four analysts rated the stock with a sell rating, nine gave the company a hold rating and one gave the company a buy rating. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $19.96.
A number of analysts have weighed in on the stock recently. Citigroup downgraded Western Union shares from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the company. in a report on Friday, April 29. Morgan Stanley reaffirmed a “sell” rating and set a price target of $15.50 on Western Union shares in a Friday, March 11 report. UBS Group assumed coverage of Western Union shares in a Thursday, March 31 report. They set a “neutral” rating and a price target of $19.00 for the company. JPMorgan Chase & Co. cut its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 report. Finally, Wolfe Research reaffirmed a “holding” rating and set a price target of $21.00 on Western Union shares in a Friday, March 25 report.
A number of hedge funds and other institutional investors have recently changed their positions in the company. Tortoise Index Solutions LLC increased its position in Western Union shares by 4.0% during the fourth quarter. Tortoise Index Solutions LLC now owns 13,894 shares of the credit services provider worth $248,000 after purchasing an additional 540 shares during the period. FCF Advisors LLC increased its position in Western Union shares by 2.7% during the first quarter. FCF Advisors LLC now owns 25,304 shares of the credit services provider worth $474,000 after purchasing an additional 661 shares during the period. Strs Ohio increased its position in Western Union shares by 4.1% during the fourth quarter. Strs Ohio now owns 17,317 shares of the credit service provider worth $308,000 after purchasing 683 additional shares during the period. Oxbow Advisors LLC increased its position in Western Union shares by 0.4% during the first quarter. Oxbow Advisors LLC now owns 188,768 shares of the credit service provider worth $3,538,000 after purchasing an additional 686 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its position in Western Union shares by 4.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 15,906 shares of the credit service provider worth $284,000 after purchasing an additional 694 shares during the period. Hedge funds and other institutional investors own 97.43% of the company’s shares.
NYSE WU opened at $16.57 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt ratio of 7.18. The company has a market capitalization of $6.40 billion, a P/E ratio of 7.30 and a beta of 0.91. Western Union has a 12-month low of $15.30 and a 12-month high of $23.68. The company has a 50-day moving average price of $17.33 and a two-hundred-day moving average price of $18.07.
Western Union (NYSE:WU – Get Rating) last released quarterly earnings data on Thursday, April 28. The credit services provider reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates of $0.44 by $0.07. The company posted revenue of $1.16 billion in the quarter, versus a consensus estimate of $1.16 billion. Western Union had a net margin of 18.29% and a return on equity of 269.10%. The company’s revenue for the quarter was down 4.5% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.44. Equity analysts expect Western Union to post EPS of 1.8 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Thursday, June 16 will receive a dividend of $0.235. This represents an annualized dividend of $0.94 and a yield of 5.67%. The ex-dividend date is Wednesday, June 15. Western Union’s dividend payout ratio (DPR) is currently 41.41%.
Western Union Company Profile (Get an assessment)
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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