TSP Capital Management Group LLC Has $3.71 Million Stake in The Western Union Company $WU

TSP Capital Management Group LLC lowered its stake in The Western Union Company (NYSE:WU) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 440,343 shares of the credit services provider’s stock after selling 45,572 shares during the period. Western Union accounts for 1.2% of TSP Capital Management Group LLC’s portfolio, making the stock its 26th largest position. TSP Capital Management Group LLC owned 0.14% of Western Union worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of WU. MCF Advisors LLC lifted its stake in shares of Western Union by 464.3% during the first quarter. MCF Advisors LLC now owns 3,397 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 2,795 shares during the period. Hantz Financial Services Inc. raised its holdings in Western Union by 667.0% during the 2nd 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 during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Western Union by 2,225.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,675 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 5,431 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of Western Union in the 2nd quarter valued at about $84,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Western Union during the 1st quarter worth approximately $96,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Trading Down 1.9%

NYSE WU opened at $8.73 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.15. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $8.68. The Western Union Company has a one year low of $7.85 and a one year high of $11.94. The firm has a market cap of $2.78 billion, a P/E ratio of 3.81, a P/E/G ratio of 2.98 and a beta of 0.61.

Western Union (NYSE:WU) last announced its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Western Union had a net margin of 18.80% and a return on equity of 60.85%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company posted $0.46 EPS. The business’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. Sell-side analysts anticipate that The Western Union Company will post 1.79 earnings per share for the current fiscal year.

Western Union Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $0.235 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.94 dividend on an annualized basis and a yield of 10.8%. Western Union’s dividend payout ratio is presently 41.05%.

Insider Transactions at Western Union

In other news, CEO Devin Mcgranahan bought 176,470 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average price of $8.49 per share, with a total value of $1,498,230.30. Following the transaction, the chief executive officer owned 913,125 shares in the company, valued at $7,752,431.25. This represents a 23.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Giovanni Angelini bought 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $8.95 per share, for a total transaction of $89,500.00. Following the purchase, the insider directly owned 186,932 shares in the company, valued at approximately $1,673,041.40. This represents a 5.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WU has been the topic of several analyst reports. Royal Bank Of Canada cut their price objective on shares of Western Union from $13.00 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Susquehanna increased their price target on Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. set a $10.00 target price on Western Union in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods reduced their target price on Western Union from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, Morgan Stanley lowered their price target on Western Union from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 29th. Ten analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Western Union presently has an average rating of “Reduce” and an average price target of $8.70.

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.