The price of The Western Union Company (NYSE:WU) shares last traded on Wall Street fell -0.57% to $12.26.
Based on available information, 22 analysts follow The Western Union Company (NYSE:WU). 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 $12.00. Given the previous closing price of $12.33, this indicates a potential downside of -2.68 percent. WU stock price is now 3.70% away from the 50-day moving average and -3.74% away from the 200-day moving average. The market capitalization of the company currently stands at $4.65B.
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Among analysts, 13 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $12.25 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 $2.05 million. Insiders disposed of 209,035 shares of company stock worth roughly $2.56 million over the past 1 year. A total of 0.20% 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 The Western Union Company shares was purchased by HRT FINANCIAL LP during the first quarter worth $14,191,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. invested $11,998,000 in shares of WU during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in The Western Union Company valued at approximately $9,970,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in WU for approximately $8,509,000. SORA INVESTORS LLC purchased a new stake in WU valued at around $7,050,000 in the second quarter. In total, there are 741 active investors with 103.76% ownership of the company’s stock.
A candlestick chart of The Western Union Company (NYSE: WU) showed a price of $12.30 on Thursday morning. During the past 12 months, The Western Union Company has had a low of $10.07 and a high of $17.42. According to the stock market information, the enterprise value for the company is $5.83B, which is based on a 6.12 price-to-earnings ratio, a 19.43 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for WU is $11.82 and a two-hundred day moving average price translates $12.73 for the stock.
The latest earnings results from The Western Union Company (NYSE: WU) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.43, beating analysts’ expectations of $0.34 by 0.09. This compares to $0.74 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 153.30% for WU. The company reported revenue of $1.04 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.28 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 $0.94 dividend and a 7.67% 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 46.80%.
