Keefe, Bruyette & Woods started coverage on shares of The Western Union (NYSE:WU) in a report published on Thursday morning, Marketbeat reports. The firm issued a market perform rating on the credit services provider’s stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of The Western Union from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Saturday, December 1st. Barclays assumed coverage on shares of The Western Union in a research report on Wednesday, November 14th. They set an underweight rating and a $18.00 price objective for the company. Finally, Wells Fargo & Co cut shares of The Western Union from an outperform rating to a market perform rating and set a $20.00 price objective for the company. in a research report on Tuesday, November 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.83.

Shares of NYSE WU traded down $0.22 during midday trading on Thursday, reaching $18.27. 57,353 shares of the stock were exchanged, compared to its average volume of 4,905,293. The company has a market capitalization of $8.13 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.24 and a beta of 1.04. The Western Union has a twelve month low of $17.40 and a twelve month high of $22.21.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, November 1st. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that The Western Union will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.16%. The Western Union’s payout ratio is currently 42.22%.

In related news, EVP Sheri Rhodes sold 2,175 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total transaction of $41,368.50. Following the completion of the transaction, the executive vice president now owns 51,775 shares of the company’s stock, valued at approximately $984,760.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Dupont Capital Management Corp boosted its position in The Western Union by 8.4% in the 2nd quarter. Dupont Capital Management Corp now owns 34,215 shares of the credit services provider’s stock valued at $696,000 after buying an additional 2,660 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in The Western Union by 4.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,670 shares of the credit services provider’s stock valued at $1,294,000 after buying an additional 2,741 shares during the period. IFM Investors Pty Ltd boosted its position in The Western Union by 11.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 31,094 shares of the credit services provider’s stock valued at $593,000 after buying an additional 3,120 shares during the period. Hilltop Holdings Inc. boosted its position in The Western Union by 9.5% in the 2nd quarter. Hilltop Holdings Inc. now owns 36,484 shares of the credit services provider’s stock valued at $741,000 after buying an additional 3,176 shares during the period. Finally, Janus Henderson Group PLC boosted its position in The Western Union by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 135,313 shares of the credit services provider’s stock valued at $2,580,000 after buying an additional 3,290 shares during the period.

About The Western Union

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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Analyst Recommendations for The Western Union (NYSE:WU)

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