Western Union (WU) Gets a Hold from JMP Securities

JMP Securities analyst David Scharf maintained a Hold rating on Western Union (WU – Research Report) today. The company’s shares closed last Friday at $11.17.

According to TipRanks, Scharf is a 5-star analyst with an average return of 9.9% and a 50.14% success rate. Scharf covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Western Union, and Atlanticus Holdings.

In addition to JMP Securities, Western Union also received a Hold from UBS’s Timothy Chiodo in a report issued on October 24. However, on the same day, Barclays assigned a Sell rating to Western Union (NYSE: WU).

Based on Western Union’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.04 billion and a net profit of $264.8 million. In comparison, last year the company earned a revenue of $1.1 billion and had a net profit of $171 million

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Western Union (WU) Company Description:

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.