Citigroup Maintains The Western Union Company to Sell with Price Target $17.00

Brokerage firm Citigroup Maintains its rating on The Western Union Company(NYSE:WU). In a research note issued to the investors, the brokerage major Raises the price-target to $17.00 per share. The shares have been rated Sell. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Barclays said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 4, 2016, Citigroup said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $15.50 per share. The shares have been rated ‘Sell’ by the firm. On Jul 7, 2016, Barclays said it Downgrades its rating on The Western Union Company. The shares have been rated ‘Underweight’ by the firm.

The Western Union Company (WU) made into the market gainers list on Wednesdays trading session with the shares advancing 0.96% or 0.2 points. Due to strong positive momentum, the stock ended at $21.03, which is also near the day’s high of $21.05. The stock began the session at $20.83 and the volume stood at 29,20,138 shares. The 52-week high of the shares is $21.42 and the 52 week low is $16.02. The company has a current market capitalization of $10,257 M and it has 48,77,33,530 shares in outstanding.

The Western Union Company has also declared a cash dividend of $0.1600 on Jul 14, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

The Western Union Company(WU) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.38B. Analysts had an estimated revenue of $1.38B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Apr 21, 2016, Amintore Schenkel (Chief Acct. Officer) sold 28,816 shares at $20.13 per share price.Also, On Apr 12, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 2,014 shares at $19.58 per share price.On Feb 18, 2016, Richard L Williams (EVP & Chief Human Res. Ofcr.) purchased 300 shares at $17.84 per share price, according to the Form-4 filing with the securities and exchange commission.

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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