Dynamic Technology Lab Private Ltd Makes New Investment in The Western Union Company $WU

Dynamic Technology Lab Private Ltd bought a new stake in The Western Union Company (NYSE:WU) during the 2nd quarter, HoldingsChannel reports. The fund bought 163,992 shares of the credit services provider’s stock, valued at approximately $1,380,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Western Union by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,217,217 shares of the credit services provider’s stock valued at $139,838,000 after purchasing an additional 728,138 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Western Union by 16.4% during the first quarter. AQR Capital Management LLC now owns 13,041,493 shares of the credit services provider’s stock valued at $136,675,000 after buying an additional 1,835,062 shares during the period. Northern Trust Corp grew its stake in shares of Western Union by 1.6% during the first quarter. Northern Trust Corp now owns 7,175,171 shares of the credit services provider’s stock valued at $75,913,000 after buying an additional 110,902 shares during the last quarter. Invesco Ltd. grew its stake in shares of Western Union by 1.8% during the first quarter. Invesco Ltd. now owns 5,765,064 shares of the credit services provider’s stock valued at $60,994,000 after buying an additional 103,332 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Western Union by 14.9% in the second quarter. Allianz Asset Management GmbH now owns 4,189,459 shares of the credit services provider’s stock worth $35,275,000 after buying an additional 544,232 shares during the period. Institutional investors own 91.81% of the company’s stock.

Western Union Price Performance

WU opened at $8.19 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 3.57, a PEG ratio of 2.98 and a beta of 0.61. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 2.80. The Western Union Company has a 12-month low of $7.85 and a 12-month high of $11.94. The business’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.67.

Western Union (NYSE:WU) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Western Union had a net margin of 18.80% and a return on equity of 60.85%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.235 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 11.5%. Western Union’s dividend payout ratio (DPR) is currently 41.05%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, July 29th. Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings upgraded shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Susquehanna raised their price target on shares of Western Union from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Ten investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $8.70.

Insider Activity

In other Western Union news, insider Giovanni Angelini acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $8.95 per share, with a total value of $89,500.00. Following the completion of the acquisition, the insider directly owned 186,932 shares in the company, valued at $1,673,041.40. This represents a 5.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.58% of the company’s stock.

About Western Union

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.