Western Union (NYSE:WU) Reaches New 52-Week Low at $14.11

The Western Union Company (NYSE:WUGet Rating)’s share price reached a new 52-week low on Thursday . The stock traded as low as $14.11 and last traded at $14.28, with a volume of 26178 shares traded. The stock had previously closed at $14.49.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays lowered their price objective on shares of Western Union to $17.00 in a research note on Monday, August 15th. Northland Securities lowered their price objective on shares of Western Union from $24.00 to $22.00 in a research note on Thursday, August 4th. UBS Group lowered their price objective on shares of Western Union from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. TheStreet downgraded shares of Western Union from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Western Union from $18.00 to $15.50 and set a “sell” rating for the company in a research note on Monday, August 8th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.89.

Western Union Trading Up 1.4 %

The firm has a market cap of $5.46 billion, a PE ratio of 6.35 and a beta of 0.91. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 6.01. The stock’s fifty day simple moving average is $15.90 and its two-hundred day simple moving average is $17.07.

Western Union (NYSE:WUGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The credit services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Western Union had a net margin of 18.27% and a return on equity of 239.89%. During the same period in the previous year, the firm earned $0.48 EPS. On average, sell-side analysts forecast that The Western Union Company will post 1.8 EPS for the current fiscal year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Thursday, September 15th. Western Union’s dividend payout ratio (DPR) is presently 42.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Intersect Capital LLC lifted its stake in shares of Western Union by 89.6% in the second quarter. Intersect Capital LLC now owns 34,294 shares of the credit services provider’s stock worth $565,000 after buying an additional 16,202 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of Western Union by 19.7% in the second quarter. Stock Yards Bank & Trust Co. now owns 17,950 shares of the credit services provider’s stock worth $296,000 after buying an additional 2,950 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Western Union by 5.3% in the second quarter. First Republic Investment Management Inc. now owns 134,859 shares of the credit services provider’s stock worth $2,221,000 after buying an additional 6,763 shares in the last quarter. Atlas Capital Advisors LLC lifted its stake in shares of Western Union by 7,861.5% in the second quarter. Atlas Capital Advisors LLC now owns 15,923 shares of the credit services provider’s stock worth $262,000 after buying an additional 15,723 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Western Union in the second quarter worth approximately $357,000. Institutional investors own 97.38% of the company’s stock.

About Western Union

(Get Rating)

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 between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

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