Quantbot Technologies LP Buys 205,144 Shares of The Western Union Company $WU

Key Points

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Quantbot Technologies LP increased its holdings in shares of The Western Union Company (NYSE:WU - Free Report) by 85.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,196 shares of the credit services provider's stock after purchasing an additional 205,144 shares during the period. Quantbot Technologies LP owned approximately 0.13% of Western Union worth $4,721,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. McIlrath & Eck LLC boosted its holdings in shares of Western Union by 1,487.6% in the 4th quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock worth $33,000 after purchasing an additional 2,886 shares in the last quarter. UMB Bank n.a. lifted its stake in Western Union by 80.2% in the first quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider's stock worth $35,000 after purchasing an additional 1,453 shares during the last quarter. MCF Advisors LLC grew its holdings in Western Union by 464.3% in the first quarter. MCF Advisors LLC now owns 3,397 shares of the credit services provider's stock worth $36,000 after purchasing an additional 2,795 shares during the last quarter. GAMMA Investing LLC lifted its position in Western Union by 188.1% during the first quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider's stock valued at $40,000 after purchasing an additional 2,483 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its stake in Western Union by 267.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider's stock worth $41,000 after purchasing an additional 2,790 shares in the last quarter. Institutional investors own 91.81% of the company's stock.

Insider Buying and Selling

In other Western Union news, CFO Matthew Cagwin acquired 17,500 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $8.36 per share, for a total transaction of $146,300.00. Following the purchase, the chief financial officer directly owned 225,611 shares in the company, valued at $1,886,107.96. This trade represents a 8.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WU shares. Morgan Stanley dropped their price target on shares of Western Union from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 29th. UBS Group reduced their target price on shares of Western Union from $10.50 to $8.50 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Western Union in a research note on Thursday, July 17th. They issued a "hold" rating and a $9.00 target price for the company. JMP Securities reissued a "market perform" rating on shares of Western Union in a research report on Thursday, April 24th. Finally, Susquehanna decreased their price objective on Western Union from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Seven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, Western Union has an average rating of "Reduce" and an average target price of $8.61.

Western Union Trading Up 2.1%

Shares of NYSE:WU traded up $0.1750 during trading on Friday, reaching $8.6750. The company's stock had a trading volume of 8,050,440 shares, compared to its average volume of 7,432,720. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $2.80 billion, a PE ratio of 3.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.61. The firm's 50 day simple moving average is $8.38 and its two-hundred day simple moving average is $9.53. The Western Union Company has a 12 month low of $7.89 and a 12 month high of $12.40.

Western Union (NYSE:WU - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Western Union had a net margin of 21.83% and a return on equity of 66.11%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company's revenue was down 3.8% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. On average, research analysts predict that The Western Union Company will post 1.79 EPS for the current fiscal year.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.