Barclays upgraded shares of Western Union (NYSE:WU – Free Report) to a strong sell rating in a report issued on Tuesday,Zacks.com reports.
Separately, Weiss Ratings lowered Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Seven analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Western Union has a consensus rating of “Reduce” and a consensus price target of $8.73.
Check Out Our Latest Research Report on Western Union
Western Union Trading Up 1.6%
Western Union (NYSE:WU – Get Free Report) last announced its earnings results on Friday, April 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.15). The firm had revenue of $963.50 million for the quarter, compared to the consensus estimate of $1.06 billion. Western Union had a return on equity of 55.94% and a net margin of 10.88%.Western Union’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Western Union has set its FY 2026 guidance at 1.750-1.850 EPS. As a group, equities research analysts forecast that Western Union will post 1.76 earnings per share for the current year.
Western Union Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Western Union’s dividend payout ratio is 69.12%.
Insiders Place Their Bets
In other Western Union news, insider Benjamin Carlton Adams sold 19,924 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $9.23, for a total transaction of $183,898.52. Following the sale, the insider directly owned 234,689 shares in the company, valued at $2,166,179.47. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Giovanni Angelini sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $9.47, for a total transaction of $56,820.00. Following the completion of the transaction, the insider owned 311,292 shares of the company’s stock, valued at $2,947,935.24. The trade was a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Western Union by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 34,471,400 shares of the credit services provider’s stock valued at $320,929,000 after purchasing an additional 1,171,810 shares in the last quarter. State Street Corp boosted its holdings in shares of Western Union by 4.3% in the 4th quarter. State Street Corp now owns 13,984,472 shares of the credit services provider’s stock valued at $130,195,000 after purchasing an additional 580,264 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Western Union by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,081,062 shares of the credit services provider’s stock valued at $121,785,000 after purchasing an additional 624,397 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Western Union by 9.8% in the 4th quarter. AQR Capital Management LLC now owns 10,746,779 shares of the credit services provider’s stock valued at $99,891,000 after purchasing an additional 962,341 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Western Union by 35.3% during the 4th quarter. Capital Research Global Investors now owns 10,407,960 shares of the credit services provider’s stock worth $96,898,000 after buying an additional 2,716,385 shares during the last quarter. 91.81% of the stock is owned by institutional investors.
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.
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