Susquehanna Bancshares Upgrades The Western Union (WU) to Neutral

Susquehanna Bancshares upgraded shares of The Western Union (NYSE:WU) from a negative rating to a neutral rating in a report issued on Monday, Marketbeat.com reports.

A number of other research firms have also issued reports on WU. UBS Group upgraded shares of The Western Union to a neutral rating in a research note on Monday. Mizuho reiterated a sell rating and set a $16.00 price objective on shares of The Western Union in a research note on Sunday, October 15th. Jefferies Group reiterated a hold rating and set a $19.00 price objective on shares of The Western Union in a research note on Thursday, October 12th. ValuEngine upgraded shares of The Western Union from a hold rating to a buy rating in a research note 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 objective on the stock in a research note on Monday, November 6th. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given 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 down $0.44 during midday trading on Monday, reaching $21.04. 6,740,000 shares of the company traded hands, compared to its average volume of 5,800,000. The Western Union has a 52-week low of $18.39 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $9,660.00, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00.

The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. sell-side analysts anticipate that The Western Union will post 1.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, December 15th. The Western Union’s payout ratio is currently 152.17%.

In other news, EVP Jean Claude Farah sold 17,518 shares of the firm’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 completion of the sale, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,859,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of The Western Union by 2.3% during the second quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after buying an additional 926,405 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in The Western Union by 0.6% in 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 purchasing an additional 222,786 shares during the period. Clarkston Capital Partners LLC boosted its holdings in The Western Union by 6.8% in the third quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after purchasing an additional 572,066 shares during the period. Northern Trust Corp boosted its holdings in The Western Union by 0.6% in the second quarter. Northern Trust Corp now owns 7,227,131 shares of the credit services provider’s stock worth $137,677,000 after purchasing an additional 45,302 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in The Western Union by 53.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock worth $53,968,000 after purchasing an additional 984,900 shares during the period.

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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.

Analyst Recommendations for The Western Union (NYSE:WU)

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