Scam victims may be able to recover money — FTC

Victims of Western Union scams could get money back

After $0.53 actual earnings per share reported by The Western Union Company for the previous quarter, Wall Street now forecasts -16.98% negative EPS growth. Also Businesswire.com published the news titled: "Western Union Reports Third Quarter Results" on November 02, 2017. It worsened, as 47 investors sold The Western Union Company shares while 197 reduced holdings. Anchor Capital Advisors LLC grew its position in Western Union Company (The) by 0.3% during the third quarter. The Western Union Company (NYSE:WU) has risen 0.64% since November 14, 2016 and is uptrending. Following the sale, the executive vice president now directly owns 139,500 shares of the company's stock, valued at approximately $2,859,750. Mitsubishi Ufj Tru & Bk has 0.04% invested in The Western Union Company (NYSE:WU). The firm's 50 day moving average is $21.79 and its 200 day moving average is $20.79. Stockholders of record on Monday, December 19th were given a dividend of $0.16 per share.

COPYRIGHT VIOLATION NOTICE: "Western Union Company (The) (WU) Earning Somewhat Favorable Press Coverage, Report Finds" was originally posted by StockNewsTimes and is the property of of StockNewsTimes.

WU has been the topic of several analyst reports. Monness Crespi & Hardt downgraded The Western Union Company (NYSE:WU) on Thursday, September 8 to "Neutral" rating. SunTrust maintained the stock with "Hold" rating in Thursday, November 2 report. Western Union Company (The) has a consensus rating of "Hold" and a consensus target price of $20.14. Hennessy Advsr Inc holds 0.06% of its portfolio in The Western Union Company (NYSE:WU) for 97,800 shares. The business's revenue was up 5.0% on a year-over-year basis. equities research analysts forecast that Western Union Company will post 1.83 earnings per share for the current year. The company now has an average rating of "Hold" and a consensus target price of $20.14. RBC Capital Markets has "Hold" rating and $2300 target.

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Assistant Attorney General Kenneth A. Blanco declared that even "knowing its agents were involved in fraudulent schemes - and knowing it had the legal obligation to detect and report that criminal conduct to authorities - Western Union took no action, which led to massive loses for the victims". The Firm operates through three divisions: Consumer-to-Consumer, Consumer-to-Business and Business Solutions.

FTC's Acting Chairman Maureen K. Ohlhausen stated that, "American consumers lost money while Western Union looked the other way".

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