The Western Union Company $WU Shares Sold by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. reduced its position in The Western Union Company (NYSE:WU) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,850 shares of the credit services provider’s stock after selling 3,000 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Western Union were worth $125,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WU. AQR Capital Management LLC grew its position in Western Union by 16.4% in the 1st quarter. AQR Capital Management LLC now owns 13,041,493 shares of the credit services provider’s stock valued at $136,675,000 after acquiring an additional 1,835,062 shares in the last quarter. Schwartz Investment Counsel Inc. acquired a new position in Western Union in the 1st quarter valued at about $14,548,000. Janney Montgomery Scott LLC grew its position in Western Union by 414.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,180,426 shares of the credit services provider’s stock valued at $9,939,000 after acquiring an additional 951,066 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Western Union by 5.8% in 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 buying an additional 728,138 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Western Union in the 1st quarter valued at about $7,421,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Western Union

In related news, CFO Matthew Cagwin purchased 17,500 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $8.36 per share, for a total transaction of $146,300.00. Following the completion of the purchase, the chief financial officer directly owned 225,611 shares of the company’s stock, valued at $1,886,107.96. This trade represents a 8.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Devin Mcgranahan purchased 176,470 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were bought at an average price of $8.49 per share, with a total value of $1,498,230.30. Following 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 disclosure for this purchase can be found here. Insiders own 1.58% of the company’s stock.

Western Union Trading Up 0.3%

WU opened at $8.13 on Wednesday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 3.08, a price-to-earnings-growth ratio of 2.77 and a beta of 0.61. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $11.94. The business’s 50 day moving average is $8.32 and its two-hundred day moving average is $8.81. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.11.

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

Western Union Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.94 annualized dividend and a yield of 11.6%. Western Union’s payout ratio is 35.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WU shares. Susquehanna decreased their price objective on Western Union from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. JPMorgan Chase & Co. set a $10.00 price objective on Western Union in a research note on Tuesday, July 29th. Monness Crespi & Hardt decreased their price objective on Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a research note on Tuesday, July 29th. Morgan Stanley decreased their price objective on Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 29th. Finally, Barclays set a $8.00 target price on Western Union and gave the stock an “underweight” rating in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $8.50.

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.