Western Union (NYSE:WU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Western Union (NYSE:WU) had its price objective cut by JPMorgan Chase & Co. from $8.00 to $7.00 in a report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the credit services provider’s stock.

Other analysts also recently issued reports about the stock. Cantor Fitzgerald dropped their price objective on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, September 29th. Wolfe Research reissued an “underperform” rating and set a $8.00 target price on shares of Western Union in a report on Friday, July 31st. Susquehanna restated a “neutral” rating and set a $7.00 target price on shares of Western Union in a research report on Wednesday. New Street Research restated a “reduce” rating on shares of Western Union in a research report on Thursday, August 13th. Finally, Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Seven investment analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.18.

Western Union Trading Down 0.7%

Shares of NYSE:WU opened at $6.18 on Wednesday. Western Union has a 52-week low of $5.87 and a 52-week high of $10.35. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 4.21 and a beta of 0.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95. The business has a 50-day moving average price of $6.70 and a 200-day moving average price of $7.68.

Western Union (NYSE:WU) last released its earnings results on Thursday, July 30th. The credit services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Western Union had a return on equity of 50.89% and a net margin of 9.79%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. Equities analysts predict that Western Union will post 1.28 EPS for the current year.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.2350 per share. This represents a $0.94 annualized dividend and a yield of 15.2%. The ex-dividend date was Wednesday, September 16th. Western Union’s dividend payout ratio (DPR) is currently 76.42%.

Institutional Investors Weigh In On Western Union

Several hedge funds have recently bought and sold shares of WU. BlackRock Inc. acquired a new stake in shares of Western Union during the 2nd quarter worth approximately $241,806,000. Algebris UK Ltd. acquired a new position in shares of Western Union in the 2nd quarter valued at $21,224,000. Bank of New York Mellon Corp purchased a new stake in Western Union during the second quarter worth $20,312,000. Bank of America Corp DE purchased a new stake in Western Union during the second quarter worth $17,743,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Western Union during the second quarter worth $11,248,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

About Western Union

Western Union Company (NYSE: WU) is a global provider of money movement and payment services. The company enables consumers and businesses to send and receive money through digital platforms, retail locations and account-based services. Its offerings include domestic and international money transfers, bill payments, money orders and related payment solutions.

Western Union serves customers across a broad international network spanning more than 200 countries and territories. Consumers can access its services through the Western Union website and mobile application, as well as through a network of agent locations and other retail partners.