OLD National Bancorp IN Purchases 162,139 Shares of The Western Union Company $WU

OLD National Bancorp IN raised its holdings in shares of The Western Union Company (NYSE:WU) by 21.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,138 shares of the credit services provider’s stock after buying an additional 162,139 shares during the period. OLD National Bancorp IN owned about 0.28% of Western Union worth $7,790,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Western Union by 16.4% during the first quarter. AQR Capital Management LLC now owns 13,041,493 shares of the credit services provider’s stock worth $136,675,000 after purchasing an additional 1,835,062 shares during the last quarter. Schwartz Investment Counsel Inc. purchased a new position in Western Union in the 1st quarter worth about $14,548,000. Janney Montgomery Scott LLC lifted its holdings in Western Union by 414.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,180,426 shares of the credit services provider’s stock valued at $9,939,000 after buying an additional 951,066 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Western Union by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,217,217 shares of the credit services provider’s stock valued at $139,838,000 after buying an additional 728,138 shares during the period. Finally, Nuveen LLC bought a new position in Western Union in the 1st quarter worth about $7,421,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Western Union Trading Down 0.2%

Western Union stock opened at $8.05 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.11. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $12.02. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 3.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.61. The stock has a 50-day moving average price of $8.32 and a 200 day moving average price of $9.00.

Western Union (NYSE:WU) last issued its quarterly earnings results on Monday, July 28th. The credit services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Western Union had a return on equity of 66.11% and a net margin of 21.83%.The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $0.44 EPS. Western Union’s quarterly revenue was down 3.8% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Sell-side analysts anticipate that The Western Union Company will post 1.79 EPS for the current year.

Western Union Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued 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, September 16th. Western Union’s dividend payout ratio is presently 35.61%.

Insider Transactions at Western Union

In related news, CEO Devin Mcgranahan acquired 176,470 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $8.49 per share, with a total value of $1,498,230.30. Following the acquisition, the chief executive officer directly owned 913,125 shares in the company, valued at $7,752,431.25. This represents a 23.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Cagwin bought 17,500 shares of the stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $8.36 per share, for a total transaction of $146,300.00. Following the purchase, the chief financial officer directly owned 225,611 shares of the company’s stock, valued at approximately $1,886,107.96. The trade was a 8.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on WU shares. Royal Bank Of Canada cut their price target on Western Union from $13.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Western Union in a research note on Thursday, July 17th. They issued a “hold” rating and a $9.00 target price for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Western Union in a research report on Saturday, September 27th. Barclays set a $8.00 price objective on Western Union and gave the stock an “underweight” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley reduced their target price on Western Union from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 29th. Seven research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Western Union presently has an average rating of “Reduce” and an average target price of $8.50.

Western Union 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.