Western Union Co. (NYSE:WU)’s share price fell 1.5% on Monday . The company traded as low as $19.93 and last traded at $20.02, with a volume of 1,946,061 shares traded. The stock had previously closed at $20.33.

A number of brokerages recently weighed in on WU. Barclays PLC upped their target price on shares of Western Union from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Jefferies Group upped their price target on shares of Western Union from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, August 5th. BTIG Research reaffirmed a “buy” rating and set a $23.00 price target on shares of Western Union in a research note on Monday, August 1st. Finally, Vetr downgraded shares of Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price target on the stock. in a research note on Monday, August 29th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.91.

The firm has a market cap of $9.67 billion, a P/E ratio of 11.93 and a beta of 1.16. The stock has a 50-day moving average of $20.97 and a 200 day moving average of $19.83.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that Western Union Co. will post $1.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.64 annualized dividend and a yield of 3.23%. Western Union’s dividend payout ratio (DPR) is presently 38.55%.

In other news, Director Betsy D. Holden sold 21,281 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the transaction, the director now owns 93,826 shares of the company’s stock, valued at approximately $1,972,222.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hikmet Ersek sold 276,127 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $21.52, for a total transaction of $5,942,253.04. Following the transaction, the insider now directly owns 407,285 shares in the company, valued at approximately $8,764,773.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Western Union during the fourth quarter valued at $95,384,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Western Union by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 434,253 shares of the company’s stock valued at $8,377,000 after buying an additional 21,374 shares during the period. DnB Asset Management AS raised its stake in shares of Western Union by 228.6% in the first quarter. DnB Asset Management AS now owns 69,999 shares of the company’s stock valued at $1,350,000 after buying an additional 48,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Western Union by 15.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 116,578 shares of the company’s stock valued at $2,249,000 after buying an additional 15,702 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its stake in shares of Western Union by 7.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 122,204 shares of the company’s stock valued at $2,357,000 after buying an additional 8,949 shares during the period.

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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

5 Day Chart for NYSE:WU

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