TSP Capital Management Group LLC Has $3.71 Million Stock Position in The Western Union Company $WU

TSP Capital Management Group LLC trimmed its stake in The Western Union Company (NYSE:WU) by 9.4% in the second quarter, Holdings Channel reports. The firm owned 440,343 shares of the credit services provider’s stock after selling 45,572 shares during the quarter. Western Union comprises approximately 1.2% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 26th biggest position. TSP Capital Management Group LLC’s holdings in Western Union were worth $3,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WU. Marshall Financial Group LLC acquired a new position in Western Union during the second quarter worth $703,000. Ethic Inc. bought a new position in shares of Western Union in the 2nd quarter valued at about $360,000. Wellington Management Group LLP increased its stake in shares of Western Union by 29.9% during the 1st quarter. Wellington Management Group LLP now owns 145,513 shares of the credit services provider’s stock worth $1,540,000 after purchasing an additional 33,535 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Western Union by 285.9% in the 1st quarter. Acadian Asset Management LLC now owns 278,679 shares of the credit services provider’s stock valued at $2,947,000 after purchasing an additional 206,463 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Western Union by 28.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,458,054 shares of the credit services provider’s stock worth $15,426,000 after purchasing an additional 324,213 shares during the period. Institutional investors own 91.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Giovanni Angelini acquired 10,000 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the completion of the transaction, the insider directly owned 186,932 shares in the company, valued at approximately $1,673,041.40. This trade represents a 5.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Devin Mcgranahan bought 176,470 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were acquired at an average price of $8.49 per share, with a total value of $1,498,230.30. Following the completion of the purchase, the chief executive officer directly owned 913,125 shares of the company’s stock, valued at approximately $7,752,431.25. The trade was a 23.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.58% of the company’s stock.

Western Union Price Performance

Western Union stock opened at $8.73 on Wednesday. The firm has a market cap of $2.78 billion, a PE ratio of 3.81, a price-to-earnings-growth ratio of 2.98 and a beta of 0.61. 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 stock’s fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.68. The Western Union Company has a one year low of $7.85 and a one year high of $11.94.

Western Union (NYSE:WU) last posted its quarterly earnings results on Thursday, October 23rd. The credit services provider reported $0.47 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 the consensus estimate of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.Western Union’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 earned $0.46 earnings per share. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, research analysts expect that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.235 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.94 annualized dividend and a dividend yield of 10.8%. Western Union’s dividend payout ratio (DPR) is currently 41.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on WU shares. Morgan Stanley cut their price objective on Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, July 29th. Monness Crespi & Hardt cut their price target on Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a report on Tuesday, July 29th. Susquehanna upped their price objective on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, November 10th. JPMorgan Chase & Co. set a $10.00 target price on shares of Western Union in a report on Tuesday, July 29th. Finally, Barclays set a $8.00 price target on shares of Western Union and gave the company an “underweight” rating in a report on Thursday, July 31st. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Western Union currently has a consensus rating of “Reduce” and an average target price of $8.70.

About Western Union

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.