63,055 Shares in The Western Union Company $WU Bought by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC purchased a new position in shares of The Western Union Company (NYSE:WU) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 63,055 shares of the credit services provider’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its stake in Western Union by 649.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,462 shares of the credit services provider’s stock valued at $28,000 after buying an additional 3,000 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Western Union by 667.0% in the second quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 4,002 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Western Union during the second quarter worth about $45,000. Farmers & Merchants Investments Inc. raised its holdings in 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 purchasing an additional 5,431 shares in the last quarter. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Western Union in the 2nd quarter valued at about $84,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WU. Weiss Ratings upgraded shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. UBS Group raised their price target on Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Western Union from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Friday, January 2nd. Zacks Research upgraded shares of Western Union from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Citigroup upgraded shares of Western Union to a “hold” rating in a research report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Western Union has a consensus rating of “Reduce” and a consensus target price of $8.80.

Insiders Place Their Bets

In other Western Union news, insider Giovanni Angelini purchased 10,000 shares of Western Union stock in a transaction on Monday, November 10th. The shares were bought at an average price of $8.95 per share, with a total value of $89,500.00. Following the purchase, the insider directly owned 186,932 shares in the company, valued at $1,673,041.40. This trade represents a 5.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.58% of the company’s stock.

Western Union Stock Down 2.6%

WU opened at $9.26 on Monday. The firm has a market cap of $2.94 billion, a P/E ratio of 4.04, a PEG ratio of 2.80 and a beta of 0.51. The business’s fifty day simple moving average is $9.16 and its 200 day simple moving average is $8.68. The Western Union Company has a 52 week low of $7.85 and a 52 week high of $11.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.80.

Western Union (NYSE:WU) last released 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. 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities research analysts anticipate 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 Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Monday, December 22nd. Western Union’s payout ratio is presently 41.05%.

About Western Union

Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.

Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.