127,464 Shares in The Western Union Company $WU Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. purchased a new stake in shares of The Western Union Company (NYSE:WU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 127,464 shares of the credit services provider’s stock, valued at approximately $1,018,000.

Other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in shares of Western Union by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,248 shares of the credit services provider’s stock valued at $541,000 after purchasing an additional 1,424 shares during the period. Voya Investment Management LLC increased its holdings in Western Union by 2.6% in the 1st quarter. Voya Investment Management LLC now owns 75,479 shares of the credit services provider’s stock valued at $799,000 after buying an additional 1,936 shares during the period. Rexford Capital Inc. raised its stake in shares of Western Union by 10.1% in the 3rd quarter. Rexford Capital Inc. now owns 23,871 shares of the credit services provider’s stock valued at $191,000 after buying an additional 2,192 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Western Union by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 459,980 shares of the credit services provider’s stock worth $3,873,000 after acquiring an additional 2,667 shares during the period. Finally, Delta Investment Management LLC lifted its holdings in shares of Western Union by 15.3% during the 3rd quarter. Delta Investment Management LLC now owns 20,250 shares of the credit services provider’s stock worth $162,000 after acquiring an additional 2,687 shares during the period. Institutional investors own 91.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider Giovanni Angelini bought 10,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $8.95 per share, with a total value of $89,500.00. Following the completion of the purchase, the insider owned 186,932 shares in the company, valued at approximately $1,673,041.40. The trade was a 5.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.58% of the company’s stock.

Western Union Stock Down 1.6%

Shares of WU opened at $9.13 on Wednesday. The company has a market capitalization of $2.90 billion, a P/E ratio of 3.98, a PEG ratio of 2.80 and a beta of 0.51. The Western Union Company has a one year low of $7.85 and a one year high of $11.94. The business’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $8.69. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.12.

Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.94 dividend on an annualized basis and a yield of 10.3%. Western Union’s dividend payout ratio is currently 41.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WU shares. Citigroup raised shares of Western Union to a “hold” rating in a research report on Thursday, October 23rd. Susquehanna increased their target price on Western Union from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. UBS Group upped their price target on Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Finally, Weiss Ratings upgraded Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.80.

Western Union 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.