Trexquant Investment LP trimmed its stake in shares of The Western Union Company (NYSE:WU - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,429 shares of the credit services provider's stock after selling 118,599 shares during the period. Trexquant Investment LP owned about 0.10% of Western Union worth $3,623,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Western Union by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,217,217 shares of the credit services provider's stock valued at $139,838,000 after acquiring an additional 728,138 shares in the last quarter. Northern Trust Corp lifted its position in Western Union by 1.6% during the first quarter. Northern Trust Corp now owns 7,175,171 shares of the credit services provider's stock worth $75,913,000 after buying an additional 110,902 shares in the last quarter. Invesco Ltd. lifted its position in Western Union by 1.8% during the first quarter. Invesco Ltd. now owns 5,765,064 shares of the credit services provider's stock worth $60,994,000 after buying an additional 103,332 shares in the last quarter. Brickwood Asset Management LLP purchased a new position in Western Union during the fourth quarter worth approximately $31,177,000. Finally, Ameriprise Financial Inc. lifted its position in Western Union by 34.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,627,846 shares of the credit services provider's stock worth $27,855,000 after buying an additional 670,480 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Zacks Research upgraded Western Union to a "strong sell" rating in a research report on Monday, August 11th. Morgan Stanley reduced their price objective on Western Union from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 29th. Monness Crespi & Hardt reduced their target price on Western Union from $7.50 to $7.00 and set a "sell" rating on the stock in a research report on Tuesday, July 29th. Susquehanna reduced their target price on Western Union from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Western Union from $11.00 to $10.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 29th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Western Union has a consensus rating of "Reduce" and a consensus target price of $8.61.
View Our Latest Analysis on Western Union
Western Union Price Performance
NYSE:WU traded down $0.12 during trading hours on Monday, reaching $8.73. 1,241,972 shares of the company traded hands, compared to its average volume of 7,441,317. The Western Union Company has a 1-year low of $7.89 and a 1-year high of $12.40. The firm's 50-day moving average is $8.42 and its 200-day moving average is $9.37. The company has a debt-to-equity ratio of 3.11, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $2.82 billion, a P/E ratio of 3.30, a P/E/G ratio of 3.03 and a beta of 0.64.
Western Union (NYSE:WU - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The credit services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. Western Union had a net margin of 21.83% and a return on equity of 66.11%. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.44 earnings per share. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Equities research analysts expect that The Western Union Company will post 1.79 earnings per share for the current fiscal year.
Western Union Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Tuesday, September 16th. Western Union's dividend payout ratio is 35.61%.
Insider Activity
In other Western Union news, CEO Devin Mcgranahan acquired 176,470 shares of the business's stock in a transaction on Thursday, August 21st. The stock was purchased at an average price of $8.49 per share, with a total value of $1,498,230.30. Following the acquisition, the chief executive officer directly owned 913,125 shares of the company's stock, valued at approximately $7,752,431.25. This trade represents a 23.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Cagwin bought 17,500 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $8.36 per share, for a total transaction of $146,300.00. Following the completion of the purchase, the chief financial officer owned 225,611 shares of the company's stock, valued at $1,886,107.96. This represents a 8.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.58% of the stock is currently owned by company insiders.
Western Union Profile
(
Free Report)
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.
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