Robeco Institutional Asset Management B.V. Sells 57,201 Shares of The Western Union Company $WU

Robeco Institutional Asset Management B.V. reduced its position in The Western Union Company (NYSE:WU) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 588,485 shares of the credit services provider’s stock after selling 57,201 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.18% of Western Union worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its position in Western Union by 42.0% in the third quarter. D.A. Davidson & CO. now owns 80,095 shares of the credit services provider’s stock worth $640,000 after purchasing an additional 23,681 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Western Union by 13.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 177,032 shares of the credit services provider’s stock worth $1,414,000 after purchasing an additional 21,221 shares during the period. TSP Capital Management Group LLC boosted its holdings in shares of Western Union by 4.7% in the third quarter. TSP Capital Management Group LLC now owns 461,197 shares of the credit services provider’s stock worth $3,685,000 after buying an additional 20,854 shares during the last quarter. Rexford Capital Inc. grew its position in Western Union by 10.1% during the third quarter. Rexford Capital Inc. now owns 23,871 shares of the credit services provider’s stock valued at $191,000 after buying an additional 2,192 shares during the period. Finally, Edmp Inc. grew its position in Western Union by 14.3% during the third quarter. Edmp Inc. now owns 38,763 shares of the credit services provider’s stock valued at $310,000 after buying an additional 4,837 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Western Union from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Weiss Ratings raised Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. UBS Group boosted their price target on Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Susquehanna lifted their price objective on Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Ten investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $8.80.

Insider Activity at Western Union

In related news, insider Giovanni Angelini bought 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 186,932 shares in the company, valued at $1,673,041.40. The trade was a 5.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.58% of the company’s stock.

Western Union Price Performance

NYSE:WU opened at $9.69 on Friday. The business’s 50-day simple moving average is $9.13 and its two-hundred day simple moving average is $8.65. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $11.94. The stock has a market cap of $3.08 billion, a PE ratio of 4.23, a P/E/G ratio of 2.92 and a beta of 0.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.80.

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

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.235 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.94 annualized dividend and a dividend yield of 9.7%. Western Union’s dividend payout ratio (DPR) is presently 41.05%.

About Western Union

Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.

Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.