On Friday, Following Financial Stocks were among the “Top Gainers” In U.S. Stock Exchange: The Western Union Company (NYSE:WU), Levy Acquistion (NASDAQ:LEVY), InfraREIT (NYSE:HIFR), WisdomTree Investments, (NASDAQ:WETF), FXCM (NYSE:FXCM)
Western Union Business Solutions (WUBS), a division of The Western Union Company (NYSE:WU), in conjunction with Hyperwallet, declared the launch of a new global mass payments product. This new product integrates key strengths of each organization that come together to assist change the way large volumes of business-to-consumer payments are made.
The Western Union Business Solutions mass payments product aims to redefine the way global business-to-consumer payments are made by addressing key cross border payment challenges and opening up new global commerce opportunities in four key areas:
- Hyperwallet’s payments technology solution enabling sender and receiver directed payments.
- Western Union’s global distribution and scale, across 200 countries and territories.
- The Western Union Business Solution global bank network enabling payments in over 130 currencies.
- The Western Union Business Solution integrated FX administration and advanced treasury services to assist manage the risk associated with foreign currency volatility.
The Western Union Company (NYSE:WU)’s shares picked up 1.60%, and closed at $19.70. The stock volatility for the week is 2.16%, while for the month remained 1.75%. The company holds consensus target price of $19.36.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed 1.59 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 11.20% and Annual EPS growth for the past 5 years is considered as 5.60%.
The mean recommendation of analysts for this stock is 3.00. (where 1=Buy, 5=Sale).
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. This segment provides various options for sending and receiving funds, counting walk-in and telephone money transfer, online money transfer, and account based money transfer services through a network of third-party agents using multi-currency and real-time money transfer processing systems. The Consumer-to-Business segment offers options to make one-time or recurring payments from consumers to businesses and other organizations, counting utilities, auto finance companies, mortgage servicers, financial service providers, government agencies, and other businesses.
Levy Acquistion Corp (NASDAQ:LEVY) and Del Taco Holdings, Inc. declared that Del Taco has closed its formerly declared recapitalization, in advance of the planned attainment of the Company by LAC. Restaurateur Larry Levy, the CEO and Chairman of the Board of LAC, together with his family and a group of new investors have made a private investment of $120 million in the ordinary stock of Del Taco and now own about 46% of Del Taco. Mr. Levy has assumed the Chairmanship of Del Taco while Ari Levy and Steve Florsheim, both officers and directors of LAC, have also joined the Del Taco Board of Directors.
Levy Acquistion Corp (NASDAQ:LEVY), raised 5.44%, and closed at $12.21, hitting new 52-week high of $12.35. The stock has price to book ratio of 11.74. With recent incline, the year-to-date (YTD) performance reflected a 25.49% gain below last year. During the past month the stocks gain 22.1%, bringing three-month performance to 25.49% and six-month performance to 25.49%.
Levy Attainment Corp. does not have noteworthy operations. It intends to complete a business combination with an operating company in the restaurant and hospitality sectors. The company was founded in 2013 and is based in Chicago, Illinois.
InfraREIT Inc (NYSE:HIFR), stated that its Board of Directors has declared a cash dividend of $0.14 per share of ordinary stock, payable on Apr. 23, 2015, to holders of record on Mar. 31, 2015. The $0.14 per share represents a pro-rated quarterly dividend of $0.225 per share, or $0.90 per share on an annualized basis, calculated from the closing date of the Company’s IPO on Feb. 4, 2015 through Mar. 31, 2015.
InfraREIT Inc (NYSE:HIFR), enhanced 4.05%, and closed at $27.75. The company holds the market capitalization of $1.68B. For the last twelve months, the stock was able to keep return on equity at 6.90 %, while return on assets at 2.20%, in response to its return on investment at 3.40%. Its 20-day moving average gained 3.59%, above 50-day moving average of 3.00%, above 200-day moving average of 3.00% from the latest market price of $27.75. The mean recommendation of analysts for this stock is 1.30.(where 1=Buy, 5=Sale).
InfraREIT, Inc. is a real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets, such as power lines, substations, transmission towers, distribution poles, transformers and related property and assets, in Texas. Its T&D assets comprise Panhandle Assets, Stanton/Brady/Celeste Assets, McAllen Assets, Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities, L.P. (Sharyland), a Texas-based regulated electric utility.
WisdomTree Investments, Inc (NASDAQ:WETF), rose 3.18%, and closed at $21.39. The stock has the beta value of 2.20, and its volatility for the week is 3.74%, while for the month it is 3.86%. The company has the market capitalization of $2.88B. The company holds the book value per share of 1.39, whereas cash per share is 1.23. Price to book ratio remained 15.39, while price to sale ratio is 15.69. Analysts mean recommendation for the stock is said to be 1.90 (where 1=Buy, 5=sale).
WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, in addition to offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. The company was founded in 1985 and is based in New York, New York.
FXCM Inc (NYSE:FXCM), declared that FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) have signed a definitive contract to sell FXCM Japan Securities Co., Ltd (“FXCM Japan”) to Rakuten Securities, Inc. (“Rakuten Sec”), a top 5 FX broker in Japan, and a partner of Rakuten, Inc. (“Rakuten”) (TOKYO:4755), one of the world’s largest Internet services companies, for a purchase price of about $62 million.
FXCM Inc (NYSE:FXCM)’s shares climbed 1.89%, and closed at $2.16. The stock volatility for the week is 4.70%, while for the month remained 6.43%. The company holds consensus target price of $1.33.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed 0.35 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained -11.40% and Annual EPS growth for the past 5 years is considered as -14.80%.
The mean recommendation of analysts for this stock is 3.80. (where 1=Buy, 5=Sale).
FXCM Inc., through its subsidiaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. The company operates in two segments, Retail Trading and Institutional Trading. It acts as an agent between retail customers and a collection of global banks and financial institutions by making foreign currency markets for customers trading in foreign exchange spot markets. The company offers spot FX trading in about 59 currency pairs; enables non-U.S. customers to trade contract for differences that comprise contracts for metals, fixed income, energy, and stock indices; and provides spread betting trading to the United Kingdom customers.
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