Bryce Point Capital LLC Makes New Investment in The Western Union Company $WU

Bryce Point Capital LLC purchased a new position in The Western Union Company (NYSE:WU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,454 shares of the credit services provider’s stock, valued at approximately $139,000.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC increased its position in Western Union by 464.3% during the 1st quarter. MCF Advisors LLC now owns 3,397 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 2,795 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Western Union by 667.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 4,002 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Western Union by 188.1% during the 1st quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 2,483 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Western Union by 2,225.8% during the second quarter. Farmers & Merchants Investments Inc. now owns 5,675 shares of the credit services provider’s stock worth $48,000 after buying an additional 5,431 shares in the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in shares of Western Union in the second quarter valued at approximately $84,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Insider Buying and Selling at Western Union

In other Western Union news, CEO Devin Mcgranahan bought 176,470 shares of the stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $8.49 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Cagwin bought 17,500 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average cost of $8.36 per share, for a total transaction of $146,300.00. Following the completion of the transaction, the chief financial officer owned 225,611 shares of the company’s stock, valued at approximately $1,886,107.96. The trade was a 8.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.58% of the stock is currently owned by corporate insiders.

Western Union Trading Down 0.8%

NYSE:WU opened at $9.03 on Wednesday. The business’s 50-day moving average is $8.43 and its two-hundred day moving average is $8.75. The firm has a market capitalization of $2.87 billion, a PE ratio of 3.94, a price-to-earnings-growth 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 debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.15.

Western Union (NYSE:WU) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (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 analyst estimates of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Research analysts predict that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Tuesday, September 16th. Western Union’s payout ratio is presently 41.05%.

Analyst Ratings Changes

Several research firms recently commented on WU. Keefe, Bruyette & Woods dropped their target price on Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Susquehanna cut their price objective on shares of Western Union from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. JPMorgan Chase & Co. set a $10.00 target price on shares of Western Union in a report on Tuesday, July 29th. Monness Crespi & Hardt dropped their price objective on Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a report on Tuesday, July 29th. Finally, Citigroup upgraded Western Union to a “hold” rating in a report on Thursday, October 23rd. Ten analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $8.55.

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.