The Western Union Company (NYSE:WU) Director Michael Miles Sells 6,282 Shares
The Western Union Company (NYSE:WU) Director Michael Miles sold 6,282 shares of The Western Union stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $24.00, for a total transaction of $150,768.00. Following the completion of the transaction, the director now directly owns 133,735 shares in the company, valued at $3,209,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE WU traded down $0.40 during mid-day trading on Friday, hitting $23.36. The stock had a trading volume of 5,354,466 shares, compared to its average volume of 5,656,868. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.94 and a current ratio of 0.94. The Western Union Company has a 1 year low of $16.42 and a 1 year high of $24.09. The business has a 50 day moving average price of $21.73 and a two-hundred day moving average price of $19.94. The firm has a market cap of $9.84 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. Equities research analysts predict that The Western Union Company will post 1.77 EPS for the current fiscal year.
Separately, TheStreet raised shares of The Western Union from a “c+” rating to a “b” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.67.
A number of institutional investors have recently modified their holdings of WU. Janus Henderson Group PLC increased its position in The Western Union by 65.7% during the 1st quarter. Janus Henderson Group PLC now owns 221,144 shares of the credit services provider’s stock valued at $4,084,000 after purchasing an additional 87,649 shares during the period. Comerica Bank increased its position in The Western Union by 96.2% during the 1st quarter. Comerica Bank now owns 180,109 shares of the credit services provider’s stock valued at $3,488,000 after purchasing an additional 88,303 shares during the period. Victory Capital Management Inc. increased its position in The Western Union by 16,646.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,104,597 shares of the credit services provider’s stock valued at $20,402,000 after purchasing an additional 1,098,001 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in The Western Union by 4.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 45,135 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 1,874 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in The Western Union by 1.0% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 250,648 shares of the credit services provider’s stock valued at $4,629,000 after purchasing an additional 2,600 shares during the period.
About The Western Union
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. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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