Engineers Gate Manager LP Boosts Stock Holdings in The Western Union Company $WU

Engineers Gate Manager LP boosted its position in The Western Union Company (NYSE:WU) by 467.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,699,841 shares of the credit services provider’s stock after buying an additional 1,400,369 shares during the quarter. Engineers Gate Manager LP’s holdings in Western Union were worth $13,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of WU. Nykredit A S purchased a new position in shares of Western Union during the 2nd quarter valued at $51,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Western Union in the 2nd quarter worth about $977,000. California State Teachers Retirement System raised its stake in Western Union by 635.3% in the 2nd quarter. California State Teachers Retirement System now owns 2,817,746 shares of the credit services provider’s stock valued at $21,697,000 after acquiring an additional 2,434,523 shares during the period. AlphaGrep UK Ltd bought a new stake in Western Union in the 2nd quarter valued at about $104,000. Finally, iSAM Funds UK Ltd purchased a new stake in Western Union during the second quarter valued at about $135,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

Western Union Trading Down 0.8%

Shares of WU opened at $6.88 on Friday. The Western Union Company has a twelve month low of $6.27 and a twelve month high of $10.35. The stock has a market cap of $2.15 billion, a PE ratio of 5.60 and a beta of 0.50. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95. The business’s 50-day moving average price is $7.54 and its 200-day moving average price is $8.25.

Western Union (NYSE:WU) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Western Union had a net margin of 9.79% and a return on equity of 50.89%. Western Union’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. On average, equities analysts forecast 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 issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Western Union’s dividend payout ratio (DPR) is presently 76.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Cantor Fitzgerald dropped their price target on shares of Western Union from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings raised shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Morgan Stanley lowered their target price 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, Monness Crespi & Hardt restated a “sell” rating and set a $6.00 target price on shares of Western Union in a research report on Friday, July 31st. Six analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, Western Union currently has a consensus rating of “Strong Sell” and an average target price of $7.55.

About Western Union

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.