BlackRock Fund Advisors has recently announced that it has increased stake in The Western Union Company (NYSE:WU) by 0.86%. After grabbing 51.37 million shares, the institutional investor is now in possession of 0.44 million shares of the Financial Company. The new investment brought the stake of investor firm to 13.32% having worth around $694.06 million. Moreover, The Vanguard Group, Inc. increased its share by 3.51 million to have a control over 44.88 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.26 million shares by acquiring 16.51 million shares or 4.28% of the stake.
The Western Union Company (WU) concluded trading on 11/23/22 at a closing price of $14.18, with 3.25 million shares of worth about $46.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.06% during that period and on Wednesday the price saw a gain of about 0.42%. Currently the company’s common shares owned by public are about 386.50M shares, out of which, 383.37M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 22 analysts are covering the WU stock and their offered price forecasts bring an average price target of $13.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.00 and could fall to a lowest price of $10.00. The stock’s current price level is -2.68% below of average price target set by the analysts, while a dip to estimated low would result in loss of -41.8% for the stock. However, touching the estimated high of $18.00 would mean a gain of 21.22% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 588,605 shares in 25 of the transactions. In 25 selling transactions, insiders dumped 191,997 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and American Mutual Fund are the top 3 mutual funds which are holding stakes in The Western Union Company iShares Core S&P Mid Cap ETF is currently holding 11.59 million shares of worth totaling $156.62 million. The company recently came buying 4506.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 26316.0 shares, after which its hold over company’s outstanding shares expand to 3.00%, leaving 11.55 million shares with the mutual fund that have a worth of about $156.06 million. American Mutual Fund, after selling 11.37 million shares, have now control over 2.95% of the stake in the company. It holds -4.61 million shares of worth $153.65 million.
The Western Union Company (NYSE: WU) started trading at $14.04, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 14.29, or with a gain of 0.42%. Stock saw a price change of 2.46% in past 5 days and over the past one month there was a price change of 1.87%. Year-to-date (YTD), WU shares are showing a performance of -20.52% which decreased to -16.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.27 but also hit the highest price of $20.40 during that period. The average intraday trading volume for The Western Union Company shares is 5.07 million. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 3.05% for SMA50 and it goes to -13.74% lower than SMA200.
BlackRock Fund Advisors acquired 51.37 million shares of The Western Union Company having value of about $694.06 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.44 million shares in the company valued at close to $6237129.72, or have control over 0.86% stake in the company. Holding of mutual funds in the company is about 41.35% while other institutional holders and individual stake holders have control over 61.76% and 1.86% of the stake respectively.
The stock has a current market capitalization of $5.49B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 6.71, while it has posted earnings per share of $2.11 in the same period. It has a debt-to-equity ratio of 4.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WU, volatility over the week remained 2.45% while standing at 3.14% over the month.
Analysts are in expectations that The Western Union Company (WU) stock would likely to be making an EPS of $0.42 in the current quarter, while forecast for next quarter EPS is $0.37 and it is $1.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.39 which is $0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.90% while it is estimated to decrease by -11.70% in next year. EPS is likely to shrink at an annualized rate of -8.22% for next 5-years, compared to annual growth of 30.90% made by the stock over the past 5-years.
Analysts at 22 brokerage firms have issued recommendations for the The Western Union Company (WU)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.40. Out of those 22 Wall Street analysts, 1 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 8 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on October 28, 2022 offering a Sell rating for the stock and assigned a target price of $12 to it. On July 20, 2022, Wolfe Research Downgrade their recommendations, while on May 18, 2022, Goldman Initiated their ratings for the stock with a price target of $18. Stock get a Neutral rating from Citigroup on April 29, 2022.