Keefe, Bruyette & Woods Cuts Western Union (NYSE:WU) Price Target to $12.00

Western Union (NYSE:WU) had its price objective trimmed by Keefe, Bruyette & Woods from $13.00 to $12.00 in a report released on Monday,Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

WU has been the topic of a number of other research reports. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. UBS Group decreased their target price on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.75.

Western Union Trading Down 0.9 %

NYSE:WU opened at $10.87 on Monday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The business’s 50-day simple moving average is $11.14 and its 200-day simple moving average is $11.82. Western Union has a fifty-two week low of $10.51 and a fifty-two week high of $14.19. The stock has a market capitalization of $3.67 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86.

Western Union (NYSE:WU) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Sell-side analysts expect that Western Union will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Western Union during the second quarter valued at approximately $290,000. Wealth Enhancement Advisory Services LLC grew its position in Western Union by 22.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,706 shares of the credit services provider’s stock worth $351,000 after acquiring an additional 5,241 shares in the last quarter. PGGM Investments increased its stake in Western Union by 21.1% in the second quarter. PGGM Investments now owns 121,944 shares of the credit services provider’s stock valued at $1,490,000 after acquiring an additional 21,269 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Western Union by 4.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Western Union by 6.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 81,190 shares of the credit services provider’s stock worth $992,000 after purchasing an additional 5,030 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer 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.