1,460,730 Shares in The Western Union Company $WU Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of The Western Union Company (NYSE:WU) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,460,730 shares of the credit services provider’s stock, valued at approximately $11,248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Western Union by 43.5% during the first quarter. Bank of America Corp DE now owns 3,838,382 shares of the credit services provider’s stock valued at $33,509,000 after buying an additional 1,163,577 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Western Union by 52.6% in the 1st quarter. Bessemer Group Inc. now owns 520,779 shares of the credit services provider’s stock worth $4,547,000 after buying an additional 179,423 shares during the last quarter. Royal Bank of Canada grew its position in shares of Western Union by 28.5% in the 1st quarter. Royal Bank of Canada now owns 1,922,728 shares of the credit services provider’s stock worth $16,785,000 after buying an additional 426,939 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Western Union by 35.3% during the 4th quarter. Capital Research Global Investors now owns 10,407,960 shares of the credit services provider’s stock worth $96,898,000 after acquiring an additional 2,716,385 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Western Union by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 34,471,400 shares of the credit services provider’s stock worth $320,929,000 after acquiring an additional 1,171,810 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Western Union from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Citigroup cut their price target on shares of Western Union from $8.50 to $7.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Zacks Research lowered Western Union from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Barclays lowered their price objective on Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, July 31st. Finally, Morgan Stanley dropped their target price on Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. Six research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average price target of $7.55.

Western Union Stock Performance

Shares of Western Union stock opened at $7.27 on Thursday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 5.91 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95. The company has a 50 day moving average price of $7.61 and a 200 day moving average price of $8.45. The Western Union Company has a 52 week low of $6.27 and a 52 week high of $10.35.

Western Union (NYSE:WU) last released its earnings results on Thursday, July 30th. The credit services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Western Union had a return on equity of 50.89% and a net margin of 9.79%.The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. Sell-side analysts expect that The Western Union Company will post 1.29 EPS for the current year.

Western Union Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 12.9%. Western Union’s payout ratio is 76.42%.

Western Union Company Profile

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.