Western Union (NYSE:WU) Gets a Neutral Rating from Citigroup

Citigroup maintains neutral rating on shares Western Union (NYSE:WU – Free Report) in a report issued on Wednesday morning, Benzinga reports. Citigroup currently has a $13.00 target price on shares of the credit services provider.

WU has been the subject of numerous other research reports. Monness Crespi & Hardt initiated coverage on Western Union in a research report on Wednesday, March 20. They set a Neutral rating for the company. Evercore ISI raised their price target on shares of Western Union from $14.00 to $15.00 and gave the company a Consistent Expectations rating in a research report on Thursday, April 25. Finally, JPMorgan Chase & Co. raised their price target on shares of Western Union from $13.00 to $14.00 and gave the stock an Underweight rating in a research report on Thursday, April 25. Three investment analysts have rated the stock a Sell, while nine have given the stock a Hold rating. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $13.67.

Check out our latest report on WU

Western Union Price Performance

WU shares opened at $12.91 on Wednesday. The stock’s 50 day moving average is $12.64 and its 200 day moving average is $12.88. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.01 and a quick ratio of 1.01. Western Union has a 52-week low of $10.92 and a 52-week high of $14.19. The stock has a market capitalization of $4.37 billion, a P/E ratio of 7.64, a PEG ratio of 1.83 and a beta of 0.85.

Western Union (NYSE:WU – Get Free Report) last released its quarterly earnings data on Wednesday, April 24. The credit services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Western Union had a net margin of 14.12% and a return on equity of 120.76%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company reported earnings per share of $0.43. The company’s quarterly revenue increased by 1.2% compared to the same quarter last year. Equity research analysts expect Western Union to report earnings per share of $1.76 for the current fiscal year.

Western Union Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28. Investors of record on Friday, June 14 received a dividend of $0.235 per share. This represents an annual dividend of $0.94 and a yield of 7.28%. The ex-dividend date was Friday, June 14. Western Union’s payout ratio is currently 55.62%.

Hedge funds weigh Western Union

Several institutional investors recently modified their holdings in the company. MCF Advisors LLC bought a new share of Western Union stock in the first quarter worth approximately $30,000. Riverview Trust Co bought a new stake in Western Union shares in the first quarter worth approximately $32,000. Venturi Wealth Management LLC increased its position in Western Union shares by 500.5% in the first quarter. Venturi Wealth Management LLC now owns 2,312 shares of the credit services provider worth $32,000 after purchasing an additional 1,927 shares during the period. LRI Investments LLC bought a new position in Western Union shares in the first quarter worth approximately $37,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Western Union shares in the first quarter worth approximately $41,000. Institutional investors own 91.81% of the company’s stock.

About Western Union

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Western Union Company provides money transfer and payment services worldwide. The company operates through its Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers through international cross-border and domestic money transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.

Western Union Price Performance

Western Union Announces Dividend

Hedge funds weigh Western Union

About Western Union

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