XTX Topco Ltd Purchases New Position in The Western Union Company $WU

XTX Topco Ltd acquired a new position in The Western Union Company (NYSE:WU) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 101,245 shares of the credit services provider’s stock, valued at approximately $852,000.

Other large investors have also bought and sold shares of the company. SummerHaven Investment Management LLC raised its position in shares of Western Union by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 64,248 shares of the credit services provider’s stock worth $541,000 after acquiring an additional 1,424 shares in the last quarter. Voya Investment Management LLC raised its holdings in Western Union by 2.6% in the first quarter. Voya Investment Management LLC now owns 75,479 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 1,936 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Western Union by 3.9% in the first quarter. Russell Investments Group Ltd. now owns 57,547 shares of the credit services provider’s stock worth $608,000 after purchasing an additional 2,140 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Western Union by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 79,911 shares of the credit services provider’s stock valued at $845,000 after buying an additional 2,294 shares during the period. Finally, 1834 Investment Advisors Co. boosted its holdings in shares of Western Union by 0.5% during the 2nd quarter. 1834 Investment Advisors Co. now owns 574,651 shares of the credit services provider’s stock valued at $4,839,000 after buying an additional 2,775 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WU has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings upgraded shares of Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Susquehanna raised their target price 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. Citigroup raised Western Union to a “hold” rating in a research report on Thursday, October 23rd. Finally, Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Ten investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $8.70.

Western Union Stock Down 1.6%

NYSE:WU opened at $8.65 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.15 and a current ratio of 1.12. The firm has a market cap of $2.75 billion, a P/E ratio of 3.78, a P/E/G ratio of 2.98 and a beta of 0.61. The Western Union Company has a fifty-two week low of $7.85 and a fifty-two week high of $11.94. The firm has a 50-day simple moving average of $8.52 and a two-hundred day simple moving average of $8.60.

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

Insider Buying and Selling

In other Western Union news, insider Giovanni Angelini bought 10,000 shares of Western Union stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $8.95 per share, with a total value of $89,500.00. Following the acquisition, the insider owned 186,932 shares in the company, valued at approximately $1,673,041.40. This trade represents a 5.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.58% of the company’s stock.

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.