Insider Selling: The Western Union Company (NYSE:WU) Director Sells 15,474 Shares of Stock

The Western Union Company (NYSE:WU) Director Betsy D. Holden sold 15,474 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $21.16, for a total value of $327,429.84. Following the sale, the director now owns 103,652 shares in the company, valued at approximately $2,193,276.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Western Union stock traded up $0.02 during midday trading on Wednesday, reaching $21.40. The stock had a trading volume of 5,980,779 shares, compared to its average volume of 5,751,099. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $22.27. The stock has a market capitalization of $9.14 billion, a PE ratio of 11.15, a PEG ratio of 2.46 and a beta of 0.83. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average price of $20.49.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The Western Union’s revenue was down 5.0% compared to the same quarter last year. Analysts predict that The Western Union Company will post 1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, September 13th. The Western Union’s payout ratio is currently 41.67%.

A number of institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 519 shares during the last quarter. Grimes & Company Inc. boosted its holdings in The Western Union by 0.7% in the second quarter. Grimes & Company Inc. now owns 83,656 shares of the credit services provider’s stock valued at $1,664,000 after acquiring an additional 570 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in The Western Union by 4.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 16,171 shares of the credit services provider’s stock valued at $299,000 after acquiring an additional 661 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in The Western Union by 1.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 80,908 shares of the credit services provider’s stock valued at $1,494,000 after purchasing an additional 852 shares during the period. Finally, Empirical Finance LLC raised its position in The Western Union by 0.9% in the second quarter. Empirical Finance LLC now owns 137,050 shares of the credit services provider’s stock valued at $2,726,000 after purchasing an additional 1,179 shares during the period.

Several equities research analysts have recently issued reports on WU shares. Northcoast Research cut The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Zacks Investment Research cut The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Finally, TheStreet upgraded The Western Union from a “c+” rating to a “b” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.67.

The Western Union Company Profile

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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Insider Buying and Selling by Quarter for The Western Union (NYSE:WU)

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