Cantor Fitzgerald Cuts Western Union (NYSE:WU) Price Target to $7.00

Western Union (NYSE:WU) had its target price decreased by Cantor Fitzgerald from $8.00 to $7.00 in a report released on Monday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an underweight rating on the credit services provider’s stock.

WU has been the topic of several other research reports. Wolfe Research reiterated an “underperform” rating and issued a $8.00 price objective on shares of Western Union in a research note on Friday, July 31st. Barclays dropped their price target on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on Western Union from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Monness Crespi & Hardt reaffirmed a “sell” rating and issued a $6.00 target price on shares of Western Union in a research report on Friday, July 31st. Finally, Susquehanna cut their price target on Western Union from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Seven analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Western Union has a consensus rating of “Reduce” and an average price target of $7.55.

Western Union Price Performance

WU opened at $7.23 on Monday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 5.88, a PEG ratio of 1.26 and a beta of 0.47. The stock has a fifty day moving average of $7.72 and a 200-day moving average of $8.69. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95. Western Union has a 12-month low of $6.27 and a 12-month high of $10.35.

Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). Western Union had a net margin of 9.79% and a return on equity of 50.89%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm 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. Equities analysts forecast that Western Union will post 1.29 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 13.0%. Western Union’s dividend payout ratio is currently 76.42%.

Hedge Funds Weigh In On Western Union

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WU. Wilmington Savings Fund Society FSB boosted its holdings 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 worth $26,000 after buying an additional 2,803 shares during the period. Ascentis Independent Advisors acquired a new position in Western Union during the 1st quarter worth $30,000. Salomon & Ludwin LLC grew its position in shares of Western Union by 1,546.5% in the fourth quarter. Salomon & Ludwin LLC now owns 3,326 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 3,124 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Western Union by 67.0% in the fourth quarter. Fifth Third Bancorp now owns 3,331 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 1,336 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Western Union by 179.6% in the fourth 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. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Company 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.