The Western Union Company (NYSE:WU) shares reached a new 52-week low on Thursday . The stock traded as low as $17.66 and last traded at $17.94, with a volume of 209259 shares traded. The stock had previously closed at $17.76.
WU has been the subject of several recent research reports. Zacks Investment Research raised The Western Union from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Saturday, July 7th. Wolfe Research initiated coverage on The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $21.00 price objective on shares of The Western Union in a research report on Friday, August 3rd. Finally, ValuEngine cut The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The Western Union has a consensus rating of “Sell” and a consensus target price of $18.92.
The firm has a market capitalization of $8.52 billion, a PE ratio of 9.96, a PEG ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of -7.38, a current ratio of 0.86 and a quick ratio of 0.86.
The Western Union (NYSE:WU) last released its earnings results on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The Western Union had a negative return on equity of 560.31% and a negative net margin of 8.05%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that The Western Union Company will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.76 annualized dividend and a yield of 4.24%. The Western Union’s payout ratio is presently 42.22%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in The Western Union by 5.2% during the second quarter. BlackRock Inc. now owns 42,924,736 shares of the credit services provider’s stock worth $872,659,000 after acquiring an additional 2,103,385 shares in the last quarter. Clarkston Capital Partners LLC raised its holdings in The Western Union by 0.9% during the second quarter. Clarkston Capital Partners LLC now owns 9,548,255 shares of the credit services provider’s stock worth $194,116,000 after acquiring an additional 83,895 shares in the last quarter. LSV Asset Management raised its holdings in The Western Union by 1.7% during the second quarter. LSV Asset Management now owns 9,510,514 shares of the credit services provider’s stock worth $193,348,000 after acquiring an additional 157,200 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in The Western Union by 211.4% during the second quarter. Jupiter Asset Management Ltd. now owns 6,422,000 shares of the credit services provider’s stock worth $130,559,000 after acquiring an additional 4,360,000 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in The Western Union by 18.9% during the first quarter. Millennium Management LLC now owns 4,402,261 shares of the credit services provider’s stock worth $84,655,000 after acquiring an additional 699,784 shares in the last quarter.
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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