The Western Union Sees Unusually High Options Volume (NYSE:WU)

The Western Union Company (NYSE:WU) was the recipient of unusually large options trading on Monday. Traders bought 10,014 call options on the company. This represents an increase of approximately 1,042% compared to the typical daily volume of 877 call options.

Several equities research analysts recently weighed in on WU shares. Barclays raised their price objective on The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Monday, September 30th. Royal Bank of Canada set a $23.00 price objective on The Western Union and gave the stock a “hold” rating in a research report on Friday, November 1st. TheStreet lowered The Western Union from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Deutsche Bank set a $25.00 target price on The Western Union and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, SunTrust Banks boosted their target price on The Western Union to $26.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.14.

In other The Western Union news, insider Amintore Schenkel sold 11,550 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $24.00, for a total transaction of $277,200.00. Following the transaction, the insider now owns 95,028 shares in the company, valued at approximately $2,280,672. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew Summerill sold 2,125 shares of The Western Union stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.55, for a total value of $58,543.75. Following the completion of the transaction, the insider now owns 18,047 shares in the company, valued at approximately $497,194.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,674 shares of company stock worth $1,268,531. Corporate insiders own 1.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WU. Signaturefd LLC boosted its holdings in shares of The Western Union by 66.5% during the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 519 shares during the period. Private Ocean LLC purchased a new stake in The Western Union in the second quarter worth about $30,000. Mcmillion Capital Management Inc. purchased a new stake in The Western Union in the second quarter worth about $49,000. CSat Investment Advisory L.P. lifted its holdings in The Western Union by 27.8% in the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock worth $52,000 after buying an additional 572 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of The Western Union by 73.4% during the third quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock valued at $52,000 after purchasing an additional 950 shares in the last quarter.

The Western Union stock opened at $27.35 on Wednesday. The stock has a market cap of $11.24 billion, a P/E ratio of 14.24, a PEG ratio of 1.23 and a beta of 0.81. The Western Union has a fifty-two week low of $16.42 and a fifty-two week high of $28.00. The firm’s fifty day moving average price is $25.04 and its 200-day moving average price is $21.85. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96.

The Western Union (NYSE:WU) last released its earnings results on Thursday, October 31st. The credit services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Sell-side analysts predict that The Western Union will post 1.77 earnings per share for the current year.

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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