SG Americas Securities LLC cut its position in The Western Union Company (NYSE:WU – Free Report) by 98.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,958 shares of the credit services provider’s stock after selling 7,821,087 shares during the period. SG Americas Securities LLC’s holdings in Western Union were worth $1,161,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of Western Union by 606.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,265 shares of the credit services provider’s stock valued at $26,000 after buying an additional 2,803 shares during the period. Salomon & Ludwin LLC increased its position in shares of Western Union by 1,546.5% in the 4th quarter. Salomon & Ludwin LLC now owns 3,326 shares of the credit services provider’s stock valued at $31,000 after buying an additional 3,124 shares in the last quarter. Fifth Third Bancorp raised its stake in Western Union by 67.0% during the 4th quarter. Fifth Third Bancorp now owns 3,331 shares of the credit services provider’s stock worth $31,000 after buying an additional 1,336 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Western Union by 179.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,341 shares of the credit services provider’s stock worth $31,000 after buying an additional 2,146 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Western Union by 164.9% during the fourth quarter. GAMMA Investing LLC now owns 3,581 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 2,229 shares in the last quarter. 91.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Seven analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $8.82.
Western Union Stock Performance
Shares of WU stock opened at $8.01 on Friday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.11 and a current ratio of 1.11. The Western Union Company has a 52 week low of $6.91 and a 52 week high of $10.35. The company’s 50 day moving average price is $8.09 and its two-hundred day moving average price is $8.94. The company has a market capitalization of $2.50 billion, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.46.
Western Union (NYSE:WU – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.15). Western Union had a net margin of 10.88% and a return on equity of 55.94%. The company had revenue of $963.50 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $0.41 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Western Union has set its FY 2026 guidance at 1.750-1.850 EPS. On average, analysts expect that The Western Union Company will post 1.76 earnings per share for the current fiscal year.
Western Union Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend was Tuesday, June 16th. Western Union’s payout ratio is currently 69.12%.
Insiders Place Their Bets
In other news, insider Benjamin Carlton Adams sold 19,924 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $9.23, for a total value of $183,898.52. Following the sale, the insider directly owned 234,689 shares in the company, valued at $2,166,179.47. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Giovanni Angelini sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $9.47, for a total value of $56,820.00. Following the transaction, the insider directly owned 311,292 shares of the company’s stock, valued at $2,947,935.24. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.
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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