The Western Union (WU) Upgraded to “Neutral” at UBS Group

The Western Union (NYSE:WU) was upgraded by research analysts at UBS Group to a “neutral” rating in a research report issued on Monday, The Fly reports.

A number of other research firms also recently issued reports on WU. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, November 6th. Goldman Sachs Group reaffirmed a “sell” rating and set a $17.00 price objective on shares of The Western Union in a report on Thursday, December 14th. Mizuho reaffirmed a “sell” rating and set a $16.00 price objective on shares of The Western Union in a report on Sunday, October 15th. Morgan Stanley lifted their price objective on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The Western Union presently has a consensus rating of “Hold” and an average price target of $19.59.

Shares of The Western Union (WU) opened at $21.04 on Monday. The Western Union has a fifty-two week low of $18.39 and a fifty-two week high of $22.53. 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 stock has a market cap of $9,660.00, a price-to-earnings ratio of 45.74, a PEG 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, topping analysts’ consensus estimates of $0.44 by $0.09. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. research analysts predict that The Western Union will post 1.83 earnings per share for the current fiscal year.

In related news, EVP Jean Claude Farah sold 17,518 shares of The Western Union stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in WU. Pacer Advisors Inc. increased its position in shares of The Western Union by 8.4% in the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 627 shares during the period. Principal Financial Group Inc. increased its position in shares of The Western Union by 3.0% in the second quarter. Principal Financial Group Inc. now owns 797,901 shares of the credit services provider’s stock valued at $15,200,000 after acquiring an additional 23,430 shares during the period. JPMorgan Chase & Co. increased its position in shares of The Western Union by 124.9% in the second quarter. JPMorgan Chase & Co. now owns 1,117,991 shares of the credit services provider’s stock valued at $21,296,000 after acquiring an additional 620,801 shares during the period. Fiduciary Trust Co. purchased a new position in shares of The Western Union in the second quarter valued at about $121,000. Finally, CIBC World Markets Inc. purchased a new position in shares of The Western Union in the second quarter valued at about $1,510,000.

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The Western Union Company Profile

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.

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