Mutual of America Capital Management LLC Cuts Stake in The Western Union Company $WU

Mutual of America Capital Management LLC reduced its stake in shares of The Western Union Company (NYSE:WU) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,373 shares of the credit services provider’s stock after selling 9,537 shares during the period. Mutual of America Capital Management LLC’s holdings in Western Union were worth $1,384,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Western Union during the 2nd quarter worth about $1,987,000. Allianz Asset Management GmbH lifted its holdings in shares of Western Union by 14.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,189,459 shares of the credit services provider’s stock worth $35,275,000 after acquiring an additional 544,232 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Western Union by 8.7% during the 2nd quarter. New York State Teachers Retirement System now owns 396,780 shares of the credit services provider’s stock worth $3,341,000 after acquiring an additional 31,687 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Western Union during the 2nd quarter worth about $100,000. Finally, Morningstar Investment Management LLC lifted its holdings in shares of Western Union by 22.8% during the 2nd quarter. Morningstar Investment Management LLC now owns 16,077 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 2,989 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Western Union Stock Up 10.3%

Shares of NYSE:WU opened at $8.98 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 2.80. The Western Union Company has a 52-week low of $7.85 and a 52-week high of $11.94. The company has a 50 day moving average of $8.32 and a two-hundred day moving average of $8.79. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 3.92, a price-to-earnings-growth ratio of 3.05 and a beta of 0.61.

Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Western Union had a net margin of 18.80% and a return on equity of 60.85%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.46 earnings per share. Western Union’s revenue for the quarter was down .3% on a year-over-year basis. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.235 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.94 annualized dividend and a yield of 10.5%. Western Union’s dividend payout ratio (DPR) is 35.61%.

Insider Activity at Western Union

In other news, CFO Matthew Cagwin acquired 17,500 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average price of $8.36 per share, with a total value of $146,300.00. Following the completion of the transaction, the chief financial officer directly owned 225,611 shares of the company’s stock, valued at $1,886,107.96. The trade was a 8.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Devin Mcgranahan acquired 176,470 shares of the stock in a transaction on Thursday, August 21st. The stock was purchased at an average cost of $8.49 per share, with a total value of $1,498,230.30. Following the transaction, the chief executive officer directly owned 913,125 shares of the company’s stock, valued at $7,752,431.25. This represents a 23.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on WU shares. Citigroup upgraded shares of Western Union to a “hold” rating in a report on Thursday. Monness Crespi & Hardt dropped their target price on shares of Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Western Union in a research report on Friday. Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, UBS Group reduced 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 report on Tuesday, July 29th. Ten research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $8.55.

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.