Western Union Company (The) (NYSE:WU) had its price objective lifted by Citigroup Inc. from $17.00 to $17.50 in a research report released on Friday morning. The brokerage currently has a sell rating on the credit services provider’s stock.

WU has been the subject of a number of other research reports. Barclays PLC boosted their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an underweight rating in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Thursday, October 5th. ValuEngine raised shares of Western Union Company (The) from a hold rating to a buy rating in a research report on Monday, October 2nd. Mizuho reaffirmed a sell rating and set a $16.00 price objective on shares of Western Union Company (The) in a research report on Sunday, October 15th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $19.00 price objective on shares of Western Union Company (The) in a research report on Thursday, October 12th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $20.14.

Shares of Western Union Company (NYSE WU) opened at $19.43 on Friday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. Western Union Company has a 1 year low of $18.39 and a 1 year high of $22.70. The firm has a market cap of $8,920.00, a PE ratio of 10.54, a P/E/G ratio of 2.17 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 116.85%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. research analysts expect that Western Union Company will post 1.8 earnings per share for the current year.

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In other news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 139,500 shares of the company’s stock, valued at approximately $2,859,750. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the company. PGGM Investments lifted its stake in shares of Western Union Company (The) by 0.4% in the 3rd quarter. PGGM Investments now owns 1,713,369 shares of the credit services provider’s stock worth $32,897,000 after acquiring an additional 6,772 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Western Union Company (The) by 219.4% in the 2nd quarter. Janus Henderson Group PLC now owns 174,463 shares of the credit services provider’s stock worth $3,324,000 after acquiring an additional 119,846 shares during the period. Prudential Financial Inc. lifted its stake in shares of Western Union Company (The) by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,064,100 shares of the credit services provider’s stock worth $20,271,000 after acquiring an additional 14,830 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Western Union Company (The) by 10.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 303,283 shares of the credit services provider’s stock worth $5,777,000 after acquiring an additional 28,308 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Western Union Company (The) by 15.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 327,285 shares of the credit services provider’s stock worth $6,234,000 after acquiring an additional 44,443 shares during the period.

About Western Union Company (The)

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.

Analyst Recommendations for Western Union Company (The) (NYSE:WU)

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