State of Alaska Department of Revenue Sells 71,361 Shares of The Western Union Company $WU

State of Alaska Department of Revenue trimmed its holdings in The Western Union Company (NYSE:WU) by 28.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,730 shares of the credit services provider’s stock after selling 71,361 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Western Union worth $1,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WU. Integrated Wealth Concepts LLC boosted its stake in Western Union by 15.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 39,859 shares of the credit services provider’s stock worth $422,000 after purchasing an additional 5,351 shares during the period. Goldman Sachs Group Inc. boosted its stake in Western Union by 27.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,964,972 shares of the credit services provider’s stock worth $20,789,000 after purchasing an additional 422,715 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Western Union by 9.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,861,908 shares of the credit services provider’s stock worth $19,699,000 after purchasing an additional 154,110 shares during the period. Focus Partners Wealth boosted its stake in Western Union by 93.5% in the 1st quarter. Focus Partners Wealth now owns 27,535 shares of the credit services provider’s stock worth $291,000 after purchasing an additional 13,302 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Western Union by 24.7% in the 2nd quarter. Prudential Financial Inc. now owns 36,874 shares of the credit services provider’s stock worth $310,000 after purchasing an additional 7,314 shares during the period. 91.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WU has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Western Union in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods increased their target price on Western Union from $9.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, January 2nd. Finally, Cantor Fitzgerald upgraded Western Union to a “strong sell” rating in a research report on Tuesday, January 27th. Ten research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $8.82.

Western Union Stock Up 0.1%

NYSE WU opened at $9.49 on Monday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $2.97 billion, a P/E ratio of 6.24, a P/E/G ratio of 1.85 and a beta of 0.50. The Western Union Company has a one year low of $7.85 and a one year high of $10.36. The stock has a 50 day moving average price of $9.32 and a 200-day moving average price of $9.14.

Western Union (NYSE:WU) last posted its earnings results on Friday, February 20th. The credit services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.04 billion. Western Union had a return on equity of 62.01% and a net margin of 12.33%.The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. Western Union has set its FY 2026 guidance at 1.750-1.850 EPS. As a group, equities analysts predict that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 9.9%. The ex-dividend date was Tuesday, March 17th. Western Union’s dividend payout ratio is presently 61.84%.

Western Union Company Profile

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.