Foresight Capital Management Advisors Inc. Grows Position in The Western Union Company $WU

Foresight Capital Management Advisors Inc. boosted its position in shares of The Western Union Company (NYSE:WU) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,756 shares of the credit services provider’s stock after purchasing an additional 7,614 shares during the period. Foresight Capital Management Advisors Inc.’s holdings in Western Union were worth $874,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WU. UMB Bank n.a. boosted its position in shares of Western Union by 80.2% during the first quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider’s stock valued at $35,000 after buying an additional 1,453 shares during the period. MCF Advisors LLC boosted its holdings in shares of Western Union by 464.3% in the first quarter. MCF Advisors LLC now owns 3,397 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 2,795 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Western Union by 188.1% in the 1st quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider’s stock worth $40,000 after buying an additional 2,483 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 worth $48,000 after acquiring an additional 5,431 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Western Union in the 1st quarter worth approximately $96,000. Institutional investors own 91.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Devin Mcgranahan acquired 176,470 shares of Western Union stock in a transaction dated Thursday, August 21st. The stock was purchased 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 in the company, valued at $7,752,431.25. This trade represents a 23.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Cagwin bought 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $8.36 per share, with a total value of $146,300.00. Following the acquisition, the chief financial officer directly owned 225,611 shares of the company’s stock, valued at approximately $1,886,107.96. This trade represents a 8.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.

Western Union Price Performance

Shares of NYSE WU opened at $8.07 on Tuesday. The Western Union Company has a fifty-two week low of $7.85 and a fifty-two week high of $12.02. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2.61 billion, a PE ratio of 3.06, a P/E/G ratio of 2.75 and a beta of 0.61. The business has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $8.98.

Western Union (NYSE:WU) last released its earnings results on Monday, July 28th. The credit services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Western Union had a return on equity of 66.11% and a net margin of 21.83%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities analysts expect that The Western Union Company will post 1.79 EPS for the current fiscal year.

Western Union Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $0.235 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.94 dividend on an annualized basis and a yield of 11.6%. Western Union’s dividend payout ratio (DPR) is 35.61%.

Analysts Set New Price Targets

WU has been the topic of several recent research reports. JPMorgan Chase & Co. set a $10.00 target price on Western Union in a research report on Tuesday, July 29th. Susquehanna dropped their price objective on Western Union from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Monness Crespi & Hardt cut their target price on Western Union from $7.50 to $7.00 and set a “sell” rating on the stock in a research note on Tuesday, July 29th. UBS Group decreased their price target on shares of Western Union from $10.50 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Western Union in a research report on Thursday, July 17th. They issued a “hold” rating and a $9.00 price objective on the stock. Seven equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $8.50.

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.