Maryland State Retirement & Pension System Lowers Holdings in The Western Union Company $WU

Maryland State Retirement & Pension System decreased its holdings in The Western Union Company (NYSE:WU) by 18.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,825 shares of the credit services provider’s stock after selling 3,487 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Western Union were worth $167,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of WU. McIlrath & Eck LLC raised its position in shares of Western Union by 1,487.6% during 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 during the last quarter. UMB Bank n.a. lifted its holdings in shares of Western Union by 80.2% during the 1st quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 1,453 shares during the period. MCF Advisors LLC raised its stake in Western Union by 464.3% during 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 period. GAMMA Investing LLC boosted its holdings in shares of Western Union by 188.1% in the 1st 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 last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in Western Union by 267.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,833 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 2,790 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Western Union in a research report on Thursday, April 24th. Royal Bank Of Canada reduced their target price on shares of Western Union from $13.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. Oppenheimer began coverage on shares of Western Union in a report on Monday, June 2nd. They set a “market perform” rating for the company. UBS Group dropped their price target on shares of Western Union from $10.50 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Finally, Morgan Stanley decreased their price objective on shares of Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, July 29th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.61.

Western Union Stock Down 0.5%

WU stock opened at $8.4150 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of 3.19, a PEG ratio of 2.90 and a beta of 0.61. The Western Union Company has a 1 year low of $7.89 and a 1 year high of $12.40. The company has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $9.55. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.11.

Western Union (NYSE:WU) last released its quarterly earnings results on Monday, July 28th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Western Union had a return on equity of 66.11% and a net margin of 21.83%.The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Sell-side analysts anticipate 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.