Skandinaviska Enskilda Banken AB publ Reduces Holdings in The Western Union Company $WU

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ lowered its position in shares of The Western Union Company (NYSE:WU – Free Report) by 84.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,631 shares of the credit services provider’s stock after selling 458,230 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Western Union were worth $687,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WU. Cetera Investment Advisers increased its position in Western Union by 6.5% during the first quarter. Cetera Investment Advisers now owns 135,968 shares of the credit services provider’s stock worth $1,439,000 after buying an additional 8,330 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Western Union by 10.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,923 shares of the credit services provider’s stock valued at $877,000 after acquiring an additional 7,557 shares during the period. LPL Financial LLC grew its position in shares of Western Union by 43.3% during the first quarter. LPL Financial LLC now owns 122,542 shares of the credit services provider’s stock worth $1,296,000 after acquiring an additional 37,042 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of Western Union in the 1st quarter valued at $225,000. Finally, Jefferies Financial Group Inc. raised its position in Western Union by 168.2% in the 1st quarter. Jefferies Financial Group Inc. now owns 36,323 shares of the credit services provider’s stock valued at $384,000 after purchasing an additional 22,779 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Western Union Trading Up 0.7%

Shares of Western Union stock opened at $8.70 on Wednesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 3.80, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. The Western Union Company has a 52-week low of $7.85 and a 52-week high of $11.94. The company’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $8.59. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 2.80.

Western Union (NYSE:WU – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share for the quarter, beating 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities research analysts anticipate that The Western Union Company will post 1.79 earnings per share for the current year.

Insider Buying and Selling at Western Union

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 bought at an average price of $8.95 per share, with a total value of $89,500.00. Following the completion of the acquisition, the insider owned 186,932 shares in the company, valued at $1,673,041.40. The trade was a 5.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WU. Zacks Research raised shares of Western Union from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Citigroup upgraded shares of Western Union to a “hold” rating in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods lowered their price target 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. Weiss Ratings raised Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Finally, UBS Group increased their price objective on Western Union from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Western Union has a consensus rating of “Reduce” and an average target price of $8.70.

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About Western Union

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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.

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