The stock of Western Union Company (NYSE:WU) last traded at $12.93, down -2.64% from the previous session.
Data from the available sources indicates that Western Union Company (NYSE:WU) is covered by 20 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $10.00, we find $13.00. Given the previous closing price of $13.28, this indicates a potential downside of -2.11 percent. WU stock price is now 1.60% away from the 50-day moving average and 5.06% away from the 200-day moving average. The market capitalization of the company currently stands at $4.84B.
In total, 13 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $13.13 as their price target over the next twelve months.
In other news, JOERRES JEFFREY A, Non-Executive Chairman bought 7,745 shares of the company’s stock on Nov 07. The stock was bought for $99,463 at an average price of $12.84. Upon completion of the transaction, the Non-Executive Chairman now directly owns 167,337 shares in the company, valued at $2.16 million. Insiders disposed of 121,662 shares of company stock worth roughly $1.57 million over the past 1 year. A total of 0.46% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WU stock. A new stake in Western Union Company shares was purchased by WEDGE CAPITAL MANAGEMENT L L P/NC during the first quarter worth $30,258,000. M&G INVESTMENT MANAGEMENT LTD invested $19,458,000 in shares of WU during the first quarter. In the first quarter, NATIXIS acquired a new stake in Western Union Company valued at approximately $12,917,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in WU for approximately $6,599,000. TWINBEECH CAPITAL LP purchased a new stake in WU valued at around $5,002,000 in the second quarter. In total, there are 677 active investors with 94.06% ownership of the company’s stock.
With an opening price of $13.13 on Wednesday morning, Western Union Company (NYSE: WU) set off the trading day. During the past 12 months, Western Union Company has had a low of $10.07 and a high of $14.84. According to the stock market information, the enterprise value for the company is $6.07B, which is based on a 6.56 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for WU is $12.75 and a two-hundred day moving average price translates $12.30 for the stock.
The latest earnings results from Western Union Company (NYSE: WU) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.39 by 0.12. This compares to $0.50 EPS in the same period last year. The net profit margin was 17.14% and return on equity was 139.80% for WU. The company reported revenue of $1.17 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.78 percent. For the current quarter, analysts expect WU to generate $1.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/15/2023 were paid a $0.235 dividend. On an annualized basis, this represents a $0.95 dividend and a 7.32% percent yield. There was an ex-dividend date of 09/14/2023 for this dividend. In terms of dividend payout ratio, WU is presently at 40.09%.
Western Union Company(WU) Company Profile
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. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. It also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. The company was founded in 1851 and is headquartered in Denver, Colorado.
