The Western Union Company $WU Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its holdings in The Western Union Company (NYSE:WU) by 39.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,799 shares of the credit services provider’s stock after selling 12,735 shares during the quarter. Farther Finance Advisors LLC’s holdings in Western Union were worth $167,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in Western Union by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 239,236 shares of the credit services provider’s stock worth $2,530,000 after purchasing an additional 1,085 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Western Union by 0.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 186,822 shares of the credit services provider’s stock worth $1,947,000 after purchasing an additional 1,249 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Western Union by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 405,839 shares of the credit services provider’s stock worth $4,294,000 after purchasing an additional 1,262 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Western Union by 2.3% during the first quarter. SummerHaven Investment Management LLC now owns 62,824 shares of the credit services provider’s stock worth $665,000 after purchasing an additional 1,393 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Western Union by 80.2% during 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. 91.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western Union

In other news, CEO Devin Mcgranahan purchased 176,470 shares of the 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 completion of the transaction, the chief executive officer owned 913,125 shares in the company, valued at approximately $7,752,431.25. The trade was a 23.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Cagwin purchased 17,500 shares of the stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $8.36 per share, with a total value of $146,300.00. Following the transaction, the chief financial officer owned 225,611 shares of the company’s stock, valued at $1,886,107.96. This trade represents a 8.41% increase in their position. The disclosure for this purchase can be found here. 1.58% of the stock is currently owned by insiders.

Western Union Price Performance

Shares of NYSE:WU opened at $8.08 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 3.06, a P/E/G ratio of 2.77 and a beta of 0.61. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.11. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $12.02. The business has a fifty day simple moving average of $8.33 and a 200-day simple moving average of $9.04.

Western Union (NYSE:WU) last posted 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $0.44 EPS. Western Union’s revenue was down 3.8% on a year-over-year basis. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Equities research analysts forecast that The Western Union Company will post 1.79 EPS for the current year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Western Union’s payout ratio is 35.61%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WU. Morgan Stanley reduced their price objective on Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, July 29th. Barclays set a $8.00 price objective on Western Union and gave the stock an “underweight” rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on Western Union in a report on Thursday, July 17th. They issued a “hold” rating and a $9.00 price target for the company. Susquehanna cut their price target on Western Union from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada cut their price target on Western Union from $13.00 to $9.00 and set a “sector perform” rating for the company 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.50.

Western Union Company Profile

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.