Edgestream Partners L.P. Invests $2.56 Million in The Western Union Company $WU

Edgestream Partners L.P. acquired a new stake in shares of The Western Union Company (NYSE:WU) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 303,852 shares of the credit services provider’s stock, valued at approximately $2,558,000. Edgestream Partners L.P. owned 0.09% of Western Union at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group raised its stake in shares of Western Union by 48.5% in the 2nd quarter. Schroder Investment Management Group now owns 13,240,037 shares of the credit services provider’s stock valued at $111,481,000 after buying an additional 4,321,604 shares in the last quarter. Norges Bank acquired a new stake in shares of Western Union during the 2nd quarter valued at about $10,958,000. Russell Investments Group Ltd. increased its stake in Western Union by 8.0% in the second quarter. Russell Investments Group Ltd. now owns 62,122 shares of the credit services provider’s stock valued at $523,000 after acquiring an additional 4,575 shares during the period. Inceptionr LLC acquired a new position in Western Union in the second quarter worth about $369,000. Finally, Elo Mutual Pension Insurance Co lifted its stake in Western Union by 66.1% during the second quarter. Elo Mutual Pension Insurance Co now owns 111,630 shares of the credit services provider’s stock worth $940,000 after purchasing an additional 44,409 shares during the period. 91.81% of the stock is owned by institutional investors.

Western Union Price Performance

Western Union stock opened at $8.93 on Friday. The business’s fifty day moving average is $8.57 and its two-hundred day moving average is $8.60. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $2.84 billion, a P/E ratio of 3.90, a P/E/G ratio of 2.81 and a beta of 0.52. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $11.94.

Western Union (NYSE:WU) last released its quarterly earnings results on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. 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 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Giovanni Angelini bought 10,000 shares of Western Union stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the completion of the transaction, the insider owned 186,932 shares of the company’s stock, valued at approximately $1,673,041.40. This trade represents a 5.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WU shares. Weiss Ratings upgraded Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Citigroup upgraded Western Union to a “hold” rating in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods reduced their target price on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, UBS Group increased their target price on shares of Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Ten analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Western Union currently has an average rating of “Reduce” and a consensus target price of $8.70.

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.