Beacon Pointe Advisors LLC Buys 69,494 Shares of The Western Union Company $WU

Beacon Pointe Advisors LLC boosted its stake in The Western Union Company (NYSE:WU) by 167.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,001 shares of the credit services provider’s stock after purchasing an additional 69,494 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Western Union were worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of Western Union by 667.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 4,002 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Western Union by 2,225.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,675 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 5,431 shares during the period. CHICAGO TRUST Co NA bought a new stake in shares of Western Union during the second quarter valued at approximately $84,000. Bayforest Capital Ltd bought a new stake in shares of Western Union during the second quarter valued at approximately $100,000. Finally, Haven Private LLC acquired a new position in shares of Western Union during the second quarter worth approximately $104,000. 91.81% of the stock is owned by institutional investors.

Western Union Stock Performance

NYSE WU opened at $9.04 on Friday. The company has a fifty day moving average price of $8.59 and a 200-day moving average price of $8.58. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 3.95, a PEG ratio of 2.81 and a beta of 0.52. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.12. The Western Union Company has a 1 year low of $7.85 and a 1 year 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 for the quarter, topping 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 business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities research analysts predict that The Western Union Company will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on WU. UBS Group lifted their price target on shares of Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Susquehanna raised their price objective on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Citigroup raised shares of Western Union to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings upgraded shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Ten analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $8.70.

Insider Buying and Selling

In other Western Union news, insider Giovanni Angelini acquired 10,000 shares of Western Union stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $8.95 per share, for a total transaction of $89,500.00. Following the purchase, the insider directly owned 186,932 shares of the company’s stock, valued at $1,673,041.40. This trade represents a 5.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.58% of the company’s stock.

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.