124,476 Shares in The Western Union Company $WU Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of The Western Union Company (NYSE:WU) during the 2nd quarter, HoldingsChannel reports. The firm bought 124,476 shares of the credit services provider’s stock, valued at approximately $958,000.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in shares of Western Union by 606.7% during 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 purchasing an additional 2,803 shares during the period. Ascentis Independent Advisors bought a new position in Western Union in the 1st quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its stake in Western Union by 179.6% in 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 purchasing an additional 2,146 shares during the period. Danske Bank A S bought a new stake in shares of Western Union during the third quarter valued at about $37,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Western Union in the fourth quarter worth about $43,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on WU. Weiss Ratings raised shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Western Union from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada reduced their price target on shares of Western Union from $9.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Morgan Stanley decreased their price target on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Finally, Citigroup lowered their price objective on Western Union from $8.50 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $7.55.

Western Union Price Performance

WU stock opened at $7.01 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.12 and a quick ratio of 1.12. The Western Union Company has a one year low of $6.27 and a one year high of $10.35. The stock has a market cap of $2.19 billion, a PE ratio of 5.70 and a beta of 0.50. The firm has a 50 day simple moving average of $7.58 and a two-hundred day simple moving average of $8.28.

Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.11). Western Union had a net margin of 9.79% and a return on equity of 50.89%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. On average, analysts predict that The Western Union Company will post 1.29 EPS for the current fiscal year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.235 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.94 dividend on an annualized basis and a yield of 13.4%. Western Union’s dividend payout ratio (DPR) is presently 76.42%.

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.