Insider Selling: The Western Union Company (WU) EVP Sells 50,813 Shares of Stock
The Western Union Company (NYSE:WU) EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Jean Claude Farah also recently made the following trade(s):
- On Friday, November 3rd, Jean Claude Farah sold 17,518 shares of The Western Union stock. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00.
Shares of The Western Union Company (NYSE WU) traded down $0.05 during trading on Thursday, reaching $21.19. 434,398 shares of the company’s stock traded hands, compared to its average volume of 10,791,786. The company has a market cap of $9,750.00, a price-to-earnings ratio of 46.05, a PEG ratio of 1.92 and a beta of 1.00. 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 Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.34.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. sell-side analysts forecast that The Western Union Company will post 1.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Friday, December 15th. The Western Union’s payout ratio is 152.17%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Oak Point Wealth Management bought a new stake in shares of The Western Union in the 4th quarter worth about $420,000. Hefty Wealth Partners grew its holdings in shares of The Western Union by 3,066.9% in the 4th quarter. Hefty Wealth Partners now owns 45,698 shares of the credit services provider’s stock worth $869,000 after purchasing an additional 44,255 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of The Western Union by 7.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,716,140 shares of the credit services provider’s stock worth $32,950,000 after purchasing an additional 118,060 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of The Western Union in the 3rd quarter worth about $186,000. Finally, GSA Capital Partners LLP bought a new stake in shares of The Western Union in the 3rd quarter worth about $583,000.
WU has been the topic of several analyst reports. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, November 6th. Goldman Sachs Group reissued a “sell” rating and issued a $17.00 price target on shares of The Western Union in a report on Thursday, December 14th. Mizuho reissued a “sell” rating and issued a $16.00 price target on shares of The Western Union in a report on Sunday, October 15th. Morgan Stanley boosted their price target on shares of The Western Union from $18.00 to $19.00 and gave the company 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The Western Union currently has an average rating of “Hold” and an average target price of $19.59.
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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.
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