Western Union (NYSE:WU – Free Report) had its price objective boosted by BMO Capital Markets from $12.00 to $13.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the credit services provider’s stock.
A number of other research firms also recently weighed in on WU. Royal Bank of Canada reaffirmed a sector perform rating and set a $16.00 price target on shares of Western Union in a research note on Tuesday, December 19th. Wolfe Research reiterated an underperform rating on shares of Western Union in a research note on Thursday, January 4th. UBS Group reissued a neutral rating and issued a $14.00 target price on shares of Western Union in a research report on Friday, October 20th. Finally, William Blair restated a market perform rating on shares of Western Union in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $12.85.
Western Union Stock Performance
Western Union (NYSE:WU – Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The credit services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Western Union had a net margin of 14.37% and a return on equity of 107.99%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $0.32 EPS. Western Union’s revenue was down 3.6% on a year-over-year basis. Research analysts expect that Western Union will post 1.69 EPS for the current fiscal year.
Western Union Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.94%. Western Union’s dividend payout ratio (DPR) is 55.95%.
Institutional Trading of Western Union
Several hedge funds have recently added to or reduced their stakes in WU. Ronald Blue Trust Inc. boosted its holdings in Western Union by 134.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,956 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 1,123 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Western Union in the third quarter valued at about $29,000. GHP Investment Advisors Inc. grew its position in Western Union by 92.2% during the third quarter. GHP Investment Advisors Inc. now owns 2,366 shares of the credit services provider’s stock worth $31,000 after buying an additional 1,135 shares in the last quarter. Quarry LP increased its stake in Western Union by 1,715.3% during the first quarter. Quarry LP now owns 3,685 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 3,482 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in Western Union in the 4th quarter valued at approximately $46,000. Institutional investors own 88.83% of the company’s stock.
About 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 for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.
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