Federated Hermes Inc. Has $5.38 Million Holdings in The Western Union Company $WU

Federated Hermes Inc. lessened its position in shares of The Western Union Company (NYSE:WU) by 8.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 673,600 shares of the credit services provider’s stock after selling 59,076 shares during the period. Federated Hermes Inc.’s holdings in Western Union were worth $5,382,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 purchasing an additional 3,000 shares during the period. Hantz Financial Services Inc. increased its holdings in 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 worth $39,000 after purchasing an additional 4,002 shares in the last quarter. Caldwell Trust Co acquired a new position in Western Union in the second quarter valued at approximately $45,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Western Union in the third quarter valued at approximately $50,000. Finally, LB Partners LLC bought a new position in shares of Western Union during the 3rd quarter worth approximately $80,000. Institutional investors own 91.81% of the company’s stock.

Western Union Trading Up 1.7%

NYSE:WU opened at $9.53 on Tuesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.12. The Western Union Company has a one year low of $7.85 and a one year high of $11.94. The company has a market cap of $3.03 billion, a PE ratio of 4.16, a PEG ratio of 3.00 and a beta of 0.52. The firm has a 50-day moving average of $9.31 and a 200-day moving average of $8.75.

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend was Monday, December 22nd. Western Union’s payout ratio is currently 41.05%.

Insider Activity at Western Union

In related news, insider Giovanni Angelini bought 10,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $8.95 per share, for a total transaction of $89,500.00. Following the completion of the acquisition, the insider directly owned 186,932 shares of the company’s stock, valued at $1,673,041.40. This trade represents a 5.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WU has been the subject of several research analyst reports. Susquehanna lifted their price objective on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods increased 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Western Union in a research report on Wednesday, January 21st. Finally, UBS Group upped their price target on Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.82.

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.