The stock of The Western Union Company (NYSE:WU) is a huge mover today! About 710,383 shares traded hands. The Western Union Company (NYSE:WU) has risen 1.12% since April 11, 2016 and is uptrending. It has underperformed by 5.03% the S&P500.
The move comes after 8 months positive chart setup for the $9.95 billion company. It was reported on Nov, 11 by Barchart.com. We have $27.39 PT which if reached, will make NYSE:WU worth $3.38B more.
The Western Union Company (NYSE:WU) Ratings Coverage
Out of 10 analysts covering The Western Union Company (NYSE:WU), 2 rate it a “Buy”, 5 “Sell”, while 3 “Hold”. This means 20% are positive. The Western Union Company has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Sell” on Thursday, August 4. Monness Crespi & Hardt downgraded it to “Neutral” rating and $22 target price in Thursday, September 8 report. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The company was downgraded on Tuesday, September 1 by Zacks. The company was downgraded on Monday, September 19 by Susquehanna. As per Wednesday, September 2, the company rating was upgraded by S&P Research. The firm has “Buy” rating given on Monday, September 21 by Zacks. The rating was maintained by JP Morgan with “Underweight” on Friday, August 14. The firm earned “Underweight” rating on Thursday, August 4 by Barclays Capital. Compass Point initiated The Western Union Company (NYSE:WU) rating on Friday, April 15. Compass Point has “Neutral” rating and $20 price target.
According to Zacks Investment Research, “The Western Union Company provides money movement and payment services. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. It offers cash money transfer services, walk-in and telephone money transfer, online money transfer, account based money transfer, direct to bank, and mobile money transfer services, payment and foreign exchange solutions, principally cross-border and cross-currency transactions. The Western Union Company is headquartered in Englewood, Colorado.”
Insitutional Activity: The institutional sentiment is 0.86 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 48 funds sold all The Western Union Company shares owned while 194 reduced positions. only 44 funds bought stakes while 163 increased positions. They now own 492.26 million shares or 1.87% less from 501.63 million shares in 2016Q1.
Moreover, Moors And Cabot Incorporated has 0.04% invested in The Western Union Company (NYSE:WU) for 11,783 shares. Nichols & Pratt Advisers Ltd Liability Partnership Ma last reported 0.08% of its portfolio in the stock. Pictet Asset Management holds 297,667 shares or 0.02% of its portfolio. Eqis Cap Mgmt has 0.04% invested in the company for 29,476 shares. Aberdeen Asset Pcl Uk holds 0.05% of its portfolio in The Western Union Company (NYSE:WU) for 642,147 shares. Goldman Sachs Group Incorporated last reported 0.03% of its portfolio in the stock. Korea Investment Corporation accumulated 0.06% or 514,700 shares. Moreover, British Columbia Invest Mgmt has 0.04% invested in The Western Union Company (NYSE:WU) for 219,884 shares. Assetmark has 578 shares for 0% of their US portfolio. Schroder Mngmt Grp last reported 0.23% of its portfolio in the stock. Barclays Public Lc, a United Kingdom-based fund reported 875,247 shares. Lodestar Investment Counsel Ltd Il owns 30,789 shares or 0.08% of their US portfolio. Coastline Communication accumulated 21,638 shares or 0.08% of the stock. Great West Life Assurance Can last reported 442,055 shares in the company. Bokf Na owns 175,730 shares or 0.12% of their US portfolio.
Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 5 sales for $7.41 million net activity. Almeida Odilon had sold 18,064 shares worth $389,603 on Monday, August 29. Agrawal Rajesh K. had sold 9,263 shares worth $199,119 on Tuesday, August 30. Ersek Hikmet sold 276,127 shares worth $5.94M. Shares for $433,513 were sold by MILES MICHAEL. 21,281 shares were sold by HOLDEN BETSY D, worth $447,259.
Another recent and important The Western Union Company (NYSE:WU) news was published by Businesswire.com which published an article titled: “Western Union to Present at Citi Financial Technology Conference on November 10” on November 03, 2016.
WU Company Profile
The Western Union Company (Western Union), incorporated on February 17, 2006, is a well-known provider of money movement and payment services. The Firm operates through three divisions: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another. The Company’s Consumer-to-Business segment provides options to make one-time or recurring payments from clients to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. Western Union’s Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Company’s services are primarily available through a network of agent locations in approximately 200 countries and territories.
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