The Western Union (NYSE:WU) Shares Gap Down to $26.13

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Shares of The Western Union Company (NYSE:WU) gapped down before the market opened on Thursday . The stock had previously closed at $25.92, but opened at $26.13. The Western Union shares last traded at $26.13, with a volume of 3,413,718 shares.

A number of brokerages have recently weighed in on WU. Citigroup set a $20.50 price target on The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Morgan Stanley set a $20.00 price target on The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Bank of America set a $21.00 price target on The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Susquehanna Bancshares restated a “hold” rating and set a $26.00 price target on shares of The Western Union in a research note on Wednesday. Finally, Deutsche Bank set a $25.00 price target on The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.81.

The stock has a 50-day moving average of $27.04 and a 200 day moving average of $24.96. The stock has a market cap of $11.00 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99.

The Western Union (NYSE:WU) last issued its earnings results on Tuesday, February 11th. The credit services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts anticipate that The Western Union Company will post 1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.225 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.90 dividend on an annualized basis and a yield of 3.43%. This is a positive change from The Western Union’s previous quarterly dividend of $0.20. The Western Union’s dividend payout ratio is currently 41.67%.

In other The Western Union news, CFO Rajesh K. Agrawal sold 24,553 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.94, for a total value of $661,457.82. Following the completion of the transaction, the chief financial officer now directly owns 331,972 shares of the company’s stock, valued at $8,943,325.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roberto G. Mendoza sold 26,504 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $26.94, for a total value of $714,017.76. Following the completion of the transaction, the director now directly owns 94,334 shares of the company’s stock, valued at $2,541,357.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,474 shares of company stock worth $1,440,420. 1.33% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. DNB Asset Management AS lifted its holdings in The Western Union by 91.3% in the fourth quarter. DNB Asset Management AS now owns 91,041 shares of the credit services provider’s stock valued at $2,438,000 after acquiring an additional 43,440 shares during the period. Andra AP fonden lifted its holdings in The Western Union by 27.0% in the third quarter. Andra AP fonden now owns 400,200 shares of the credit services provider’s stock valued at $9,273,000 after acquiring an additional 85,100 shares during the period. 6 Meridian lifted its holdings in The Western Union by 2.0% in the fourth quarter. 6 Meridian now owns 25,736 shares of the credit services provider’s stock valued at $689,000 after acquiring an additional 497 shares during the period. Squarepoint Ops LLC lifted its holdings in The Western Union by 1,761.3% in the third quarter. Squarepoint Ops LLC now owns 1,086,456 shares of the credit services provider’s stock valued at $25,173,000 after acquiring an additional 1,028,084 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in The Western Union by 7.1% in the third quarter. California Public Employees Retirement System now owns 3,733,524 shares of the credit services provider’s stock valued at $86,506,000 after acquiring an additional 248,390 shares during the period.

The Western Union Company Profile (NYSE:WU)

The Western Union Company provides money movement 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. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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