Edgestream Partners L.P. Takes $2.56 Million Position in The Western Union Company $WU

Edgestream Partners L.P. purchased a new stake in The Western Union Company (NYSE:WU) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 303,852 shares of the credit services provider’s stock, valued at approximately $2,558,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in shares of Western Union by 667.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 4,002 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Western Union by 2,225.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,675 shares of the credit services provider’s stock valued at $48,000 after buying an additional 5,431 shares during the period. CHICAGO TRUST Co NA bought a new position in Western Union in the second quarter valued at approximately $84,000. Cresset Asset Management LLC acquired a new stake in Western Union during the 1st quarter worth $110,000. Finally, EP Wealth Advisors LLC acquired a new stake in Western Union during the 1st quarter worth $121,000. 91.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings upgraded Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Zacks Research raised Western Union from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. UBS Group boosted their target price on Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods lowered their price target on 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. Finally, Susquehanna lifted their price objective on shares of Western Union from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Ten research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $8.70.

Insider Buying and Selling at Western Union

In related news, insider Giovanni Angelini acquired 10,000 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $8.95 per share, with a total value of $89,500.00. Following the completion of the transaction, the insider directly owned 186,932 shares of the company’s stock, valued at approximately $1,673,041.40. The trade was a 5.65% 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 the SEC website. 1.58% of the stock is owned by company insiders.

Western Union Stock Down 1.4%

Shares of Western Union stock opened at $8.93 on Friday. The company has a market capitalization of $2.84 billion, a P/E ratio of 3.90, a price-to-earnings-growth ratio of 2.81 and a beta of 0.52. 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 business has a 50-day moving average of $8.57 and a two-hundred day moving average of $8.60. The Western Union Company has a 1 year low of $7.85 and a 1 year high of $11.94.

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

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.