Western Union (NYSE:WU) Insider Giovanni Angelini Acquires 10,000 Shares of Stock

The Western Union Company (NYSE:WU) insider Giovanni Angelini bought 10,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were acquired at an average price of $8.95 per share, with a total value of $89,500.00. Following the completion of the acquisition, the insider directly owned 186,932 shares in the company, valued at $1,673,041.40. This represents a 5.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Western Union Stock Up 2.3%

NYSE WU traded up $0.21 on Thursday, reaching $9.12. The company had a trading volume of 902,545 shares, compared to its average volume of 8,291,974. The Western Union Company has a 1 year low of $7.85 and a 1 year high of $11.94. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.90 billion, a PE ratio of 3.98, a P/E/G ratio of 2.98 and a beta of 0.60. The firm has a 50-day moving average of $8.47 and a 200-day moving average of $8.72.

Western Union (NYSE:WU) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates 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 firm posted $0.46 EPS. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. On average, equities research analysts anticipate that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Tuesday, September 16th. Western Union’s payout ratio is currently 41.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WU. Deutsche Bank Aktiengesellschaft began coverage on shares of Western Union in a research note on Thursday, July 17th. They issued a “hold” rating and a $9.00 price objective for the company. Monness Crespi & Hardt lowered their price objective on shares of Western Union from $7.50 to $7.00 and set a “sell” rating on the stock in a report on Tuesday, July 29th. Susquehanna increased their price objective on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings raised shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Finally, UBS Group lifted their target price on Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Monday. 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, the stock has an average rating of “Reduce” and an average target price of $8.70.

Institutional Trading of Western Union

Several large investors have recently modified their holdings of WU. Principal Financial Group Inc. grew its position in shares of Western Union by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 779,770 shares of the credit services provider’s stock worth $8,250,000 after buying an additional 3,558 shares during the period. Envestnet Asset Management Inc. increased its position in Western Union by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 405,839 shares of the credit services provider’s stock valued at $4,294,000 after acquiring an additional 1,262 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Western Union by 47.6% in the first quarter. Nisa Investment Advisors LLC now owns 71,424 shares of the credit services provider’s stock worth $756,000 after buying an additional 23,041 shares during the last quarter. Cerity Partners LLC raised its holdings in Western Union by 3.7% in the 1st quarter. Cerity Partners LLC now owns 75,490 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 2,695 shares during the period. Finally, CWM LLC lifted its position in shares of Western Union by 186.3% during the 1st quarter. CWM LLC now owns 148,890 shares of the credit services provider’s stock valued at $1,575,000 after buying an additional 96,894 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

Western Union Company 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.