BTIG Research reissued their buy rating on shares of The Western Union Company (NYSE:WU) in a research report released on Thursday morning. The firm currently has a $23.00 target price on the stock.

Other equities analysts also recently issued reports about the company. TheStreet downgraded The Western Union Company from a b rating to a c rating in a research report on Thursday, February 9th. Jefferies Group LLC restated a hold rating and issued a $19.00 price objective on shares of The Western Union Company in a research report on Thursday, February 16th. Barclays PLC lowered their price objective on The Western Union Company to $21.00 in a research report on Friday, February 10th. Compass Point downgraded The Western Union Company from a neutral rating to a sell rating and set a $17.00 price objective on the stock. in a research report on Friday, January 20th. Finally, Zacks Investment Research downgraded The Western Union Company from a hold rating to a sell rating in a research report on Tuesday, February 21st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $20.02.

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

The Western Union Company (NYSE:WU) opened at 20.21 on Thursday. The Western Union Company has a 12 month low of $18.07 and a 12 month high of $22.70. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 39.63 and a beta of 1.15. The stock’s 50 day moving average price is $19.86 and its 200 day moving average price is $20.63.

The Western Union Company (NYSE:WU) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. The Western Union Company had a return on equity of 69.22% and a net margin of 4.67%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that The Western Union Company will post $1.70 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $0.175 dividend. This is an increase from The Western Union Company’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Wednesday, March 15th. The Western Union Company’s payout ratio is currently 128.00%.

Several large investors have recently bought and sold shares of WU. Moors & Cabot Inc. increased its stake in The Western Union Company by 1.2% in the third quarter. Moors & Cabot Inc. now owns 11,930 shares of the company’s stock worth $244,000 after buying an additional 147 shares in the last quarter. LBA Wealth Management LLC increased its stake in The Western Union Company by 1.0% in the fourth quarter. LBA Wealth Management LLC now owns 20,583 shares of the company’s stock worth $447,000 after buying an additional 200 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in The Western Union Company by 0.3% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 164,985 shares of the company’s stock worth $3,435,000 after buying an additional 425 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in The Western Union Company by 1.0% in the third quarter. Commonwealth Equity Services Inc now owns 44,381 shares of the company’s stock worth $924,000 after buying an additional 437 shares in the last quarter. Finally, World Asset Management Inc increased its stake in The Western Union Company by 0.9% in the third quarter. World Asset Management Inc now owns 52,031 shares of the company’s stock worth $1,083,000 after buying an additional 445 shares in the last quarter.

The Western Union Company 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

5 Day Chart for NYSE:WU

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