Rhumbline Advisers Has $7.33 Million Stock Holdings in The Western Union Company $WU

Rhumbline Advisers trimmed its position in The Western Union Company (NYSE:WU) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 870,881 shares of the credit services provider’s stock after selling 106,515 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Western Union worth $7,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. raised its stake in Western Union by 667.0% in the second quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock valued at $39,000 after buying an additional 4,002 shares during the period. Farmers & Merchants Investments Inc. raised its stake in Western Union by 2,225.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,675 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 5,431 shares during the period. CHICAGO TRUST Co NA acquired a new stake in Western Union during the 2nd quarter valued at $84,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Western Union during the 1st quarter valued at $96,000. Finally, Bayforest Capital Ltd bought a new position in Western Union during the second quarter worth $100,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WU shares. Weiss Ratings raised shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Citigroup upgraded shares of Western Union to a “hold” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods reduced their price objective on Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Finally, UBS Group upped their target price on Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Western Union currently has an average rating of “Reduce” and an average target price of $8.70.

Insiders Place Their Bets

In related news, insider Giovanni Angelini bought 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the transaction, the insider owned 186,932 shares in the company, valued at $1,673,041.40. The trade was a 5.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.58% of the stock is owned by corporate insiders.

Western Union Stock Performance

NYSE WU opened at $8.70 on Wednesday. The firm has a 50-day moving average price of $8.53 and a two-hundred day moving average price of $8.59. The Western Union Company has a 12-month low of $7.85 and a 12-month high of $11.94. The company has a market capitalization of $2.76 billion, a P/E ratio of 3.80, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 2.80.

Western Union (NYSE:WU) last announced its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Western Union had a net margin of 18.80% and a return on equity of 60.85%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Analysts anticipate that The Western Union Company will post 1.79 earnings per share for the current year.

Western Union 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.