The Western Union Company (NYSE:WU – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $7.24 and last traded at $7.2750, with a volume of 1944758 shares. The stock had previously closed at $7.35.
Analyst Ratings Changes
Separately, Weiss Ratings cut Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Seven research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $8.82.
Check Out Our Latest Report on Western Union
Western Union Trading Up 3.3%
Western Union (NYSE:WU – Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The credit services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.15). Western Union had a net margin of 10.88% and a return on equity of 55.94%. The firm had revenue of $963.50 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Western Union has set its FY 2026 guidance at 1.750-1.850 EPS. On average, equities research analysts anticipate that The Western Union Company will post 1.76 earnings per share for the current fiscal year.
Western Union Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.235 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.94 annualized dividend and a dividend yield of 12.4%. Western Union’s payout ratio is 69.12%.
Insider Activity at Western Union
In related news, insider Benjamin Carlton Adams sold 19,924 shares of Western Union stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $9.23, for a total value of $183,898.52. Following the completion of the transaction, the insider directly owned 234,689 shares in the company, valued at approximately $2,166,179.47. The trade was a 7.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Giovanni Angelini sold 6,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $9.47, for a total value of $56,820.00. Following the sale, the insider owned 311,292 shares in the company, valued at approximately $2,947,935.24. This represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.29% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Western Union
A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in Western Union by 11,759.8% during the 4th quarter. SG Americas Securities LLC now owns 7,954,045 shares of the credit services provider’s stock worth $74,052,000 after acquiring an additional 7,886,978 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Western Union by 401.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,604,026 shares of the credit services provider’s stock worth $70,793,000 after purchasing an additional 6,087,613 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Western Union by 821.1% in the second quarter. Qube Research & Technologies Ltd now owns 4,170,343 shares of the credit services provider’s stock worth $35,114,000 after buying an additional 3,717,589 shares in the last quarter. Schroder Investment Management Group boosted its stake in Western Union by 28.0% during the third quarter. Schroder Investment Management Group now owns 16,948,328 shares of the credit services provider’s stock valued at $135,417,000 after buying an additional 3,708,291 shares during the period. Finally, Marshall Wace LLP increased its stake in Western Union by 3,370.2% in the 4th quarter. Marshall Wace LLP now owns 3,740,849 shares of the credit services provider’s stock worth $34,827,000 after acquiring an additional 3,633,049 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.
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.
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