Osaic Holdings Inc. Increases Stock Holdings in The Western Union Company $WU

by · The Cerbat Gem

Osaic Holdings Inc. boosted its holdings in The Western Union Company (NYSE:WU – Free Report) by 98.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 190,511 shares of the credit services provider’s stock after buying an additional 94,736 shares during the quarter. Osaic Holdings Inc.’s holdings in Western Union were worth $1,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Western Union during the 1st quarter valued at about $426,000. CreativeOne Wealth LLC acquired a new position in Western Union during the first quarter worth approximately $127,000. State of Wyoming raised its stake in Western Union by 43.1% during the first quarter. State of Wyoming now owns 21,669 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 6,524 shares during the period. Vident Advisory LLC boosted its holdings in shares of Western Union by 15.1% in the 1st quarter. Vident Advisory LLC now owns 27,566 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 3,619 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Western Union by 68.1% during the 1st quarter. Quarry LP now owns 13,524 shares of the credit services provider’s stock valued at $143,000 after buying an additional 5,477 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Giovanni Angelini acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $8.95 per share, with a total value of $89,500.00. Following the transaction, 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. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.58% of the stock is owned by corporate insiders.

Western Union Price Performance

WU stock opened at $9.30 on Wednesday. The firm has a market cap of $2.95 billion, a P/E ratio of 4.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.52. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The Western Union Company has a 1 year low of $7.85 and a 1 year high of $11.94. The stock has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $8.59.

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

Western Union Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.94 annualized dividend and a yield of 10.1%. Western Union’s payout ratio is 41.05%.

Wall Street Analyst Weigh In

WU has been the topic of several research reports. UBS Group increased 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. Weiss Ratings upgraded Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Citigroup upgraded Western Union to a “hold” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods dropped their target price on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Finally, Susquehanna lifted their price target on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $8.70.

View Our Latest Analysis on WU

About Western Union

(Free Report)

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.

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