Edmp Inc. Sells 9,966 Shares of The Western Union Company $WU

Edmp Inc. trimmed its position in shares of The Western Union Company (NYSE:WU) by 22.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,926 shares of the credit services provider’s stock after selling 9,966 shares during the quarter. Edmp Inc.’s holdings in Western Union were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Financial Group LLC purchased a new stake in shares of Western Union during the 2nd quarter valued at approximately $703,000. SG Americas Securities LLC purchased a new stake in Western Union in the 1st quarter worth approximately $1,018,000. Integrated Advisors Network LLC purchased a new stake in Western Union in the 1st quarter worth approximately $149,000. Asset Management One Co. Ltd. lifted its stake in Western Union by 45.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 68,622 shares of the credit services provider’s stock worth $726,000 after purchasing an additional 21,456 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 purchasing an additional 2,483 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on WU. Monness Crespi & Hardt decreased their price target on shares of Western Union from $7.50 to $7.00 and set a “sell” rating on the stock in a report on Tuesday, July 29th. Keefe, Bruyette & Woods decreased their price target on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Barclays set a $8.00 price target on shares of Western Union and gave the stock an “underweight” rating in a report on Thursday, July 31st. Weiss Ratings raised shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, UBS Group lowered 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 note on Tuesday, July 29th. Nine 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, the stock has an average rating of “Reduce” and a consensus target price of $8.50.

Insider Activity

In other Western Union news, CEO Devin Mcgranahan bought 176,470 shares of Western Union stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $8.49 per share, with a total value of $1,498,230.30. Following the completion of the acquisition, the chief executive officer owned 913,125 shares in the company, valued at approximately $7,752,431.25. This represents a 23.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Cagwin bought 17,500 shares of Western Union stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $8.36 per share, with a total value of $146,300.00. Following the completion of the acquisition, the chief financial officer owned 225,611 shares of the company’s stock, valued at $1,886,107.96. The trade was a 8.41% increase in their position. The disclosure for this purchase can be found here. 1.58% of the stock is currently owned by insiders.

Western Union Price Performance

WU stock opened at $8.14 on Tuesday. The Western Union Company has a 1 year low of $7.85 and a 1 year high of $12.02. The company has a market cap of $2.63 billion, a P/E ratio of 3.08, a PEG ratio of 2.72 and a beta of 0.61. The firm has a 50-day moving average of $8.31 and a 200 day moving average of $8.90. The company has a debt-to-equity ratio of 3.11, a current ratio of 1.15 and a quick ratio of 1.15.

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

Western Union Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.235 dividend. 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%.

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.