Insider Selling: The Western Union Company (WU) EVP Sells 50,813 Shares of Stock

The Western Union Company (NYSE:WU) EVP Jean Claude Farah sold 50,813 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jean Claude Farah also recently made the following trade(s):

  • On Friday, November 3rd, Jean Claude Farah sold 17,518 shares of The Western Union stock. The shares were sold at an average price of $20.50, for a total value of $359,119.00.

The Western Union Company (NYSE:WU) opened at $21.12 on Friday. The Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.25. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $9,700.00, a price-to-earnings ratio of 45.91, a PEG ratio of 1.92 and a beta of 1.00.

The Western Union (NYSE:WU) last posted its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The Western Union had a return on equity of 137.89% and a net margin of 16.77%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. research analysts forecast that The Western Union Company will post 1.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, December 15th. The Western Union’s payout ratio is 152.17%.

Several equities analysts have commented on WU shares. UBS Group raised The Western Union to a “neutral” rating in a research report on Monday, January 8th. Citigroup upped their price objective on The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price objective on The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Zacks Investment Research raised The Western Union from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, November 6th. Finally, Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and a consensus target price of $19.59.

Several institutional investors and hedge funds have recently bought and sold shares of WU. Fiduciary Trust Co. purchased a new stake in shares of The Western Union during the 2nd quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of The Western Union during the 2nd quarter worth $129,000. Pacer Advisors Inc. lifted its stake in shares of The Western Union by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 627 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of The Western Union during the 3rd quarter worth $186,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of The Western Union during the 3rd quarter worth $198,000.

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About The Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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