The Western Union Company $WU Stock Position Lowered by Neo Ivy Capital Management

Neo Ivy Capital Management trimmed its position in shares of The Western Union Company (NYSE:WU) by 40.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,043 shares of the credit services provider’s stock after selling 100,891 shares during the period. Neo Ivy Capital Management’s holdings in Western Union were worth $1,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hantz Financial Services Inc. raised its position in Western Union by 667.0% during 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. lifted its stake in Western Union by 2,225.8% in the second 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 last quarter. CHICAGO TRUST Co NA acquired a new position in shares of Western Union during the 2nd quarter worth $84,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Western Union in the first quarter worth $96,000. Finally, Bayforest Capital Ltd acquired 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.

Western Union Trading Down 3.1%

Shares of WU stock opened at $8.19 on Friday. The company has a market capitalization of $2.60 billion, a P/E ratio of 3.57, a P/E/G ratio of 2.98 and a beta of 0.61. The Western Union Company has a 12-month low of $7.85 and a 12-month high of $11.94. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 2.80. The firm has a 50-day moving average price of $8.47 and a 200 day moving average price of $8.67.

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

Western Union Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.235 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.94 annualized dividend and a yield of 11.5%. Western Union’s payout ratio is presently 41.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup upgraded Western Union to a “hold” rating in a report on Thursday, October 23rd. 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. UBS Group lifted their price objective on Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Monness Crespi & Hardt reduced their target price on Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. set a $10.00 price objective on shares of Western Union in a report on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $8.70.

Insider Activity at Western Union

In other Western Union news, insider Giovanni Angelini bought 10,000 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the completion of the purchase, the insider 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.58% of the company’s stock.

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.