Susquehanna Raises Western Union (NYSE:WU) Price Target to $10.00

Western Union (NYSE:WU) had its target price increased by stock analysts at Susquehanna from $9.00 to $10.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the credit services provider’s stock. Susquehanna’s price objective points to a potential upside of 10.00% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Western Union in a report on Thursday, July 17th. They set a “hold” rating and a $9.00 price objective on the stock. Citigroup raised shares of Western Union to a “hold” rating in a research note on Thursday, October 23rd. Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Monness Crespi & Hardt dropped their price objective on shares of Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Western Union from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Ten analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.65.

Western Union Stock Down 2.0%

Shares of WU opened at $9.09 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 3.97, a PEG ratio of 2.98 and a beta of 0.61. Western Union has a one year low of $7.85 and a one year high of $11.94. The business’s 50 day simple moving average is $8.46 and its 200-day simple moving average is $8.73. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.15.

Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, sell-side analysts predict that Western Union will post 1.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Western Union news, CFO Matthew Cagwin bought 17,500 shares of the company’s stock in a transaction on Monday, August 18th. The stock was bought at an average price of $8.36 per share, for a total transaction of $146,300.00. Following the transaction, the chief financial officer owned 225,611 shares of the company’s stock, valued at approximately $1,886,107.96. The trade was a 8.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin Mcgranahan purchased 176,470 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $8.49 per share, for a total transaction of $1,498,230.30. Following the purchase, the chief executive officer owned 913,125 shares in the company, valued at $7,752,431.25. This trade represents a 23.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Western Union

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Western Union by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 779,770 shares of the credit services provider’s stock valued at $8,250,000 after acquiring an additional 3,558 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Western Union by 0.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 405,839 shares of the credit services provider’s stock worth $4,294,000 after purchasing an additional 1,262 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Western Union by 0.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 186,822 shares of the credit services provider’s stock valued at $1,947,000 after purchasing an additional 1,249 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Western Union by 47.6% in the first quarter. Nisa Investment Advisors LLC now owns 71,424 shares of the credit services provider’s stock valued at $756,000 after purchasing an additional 23,041 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Western Union by 3.7% during the first quarter. Cerity Partners LLC now owns 75,490 shares of the credit services provider’s stock worth $799,000 after buying an additional 2,695 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.