The Western Union Company provides money movement and payment services worldwide. It operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. The company also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. It serves primarily through a network of agents. The Western Union Company was founded in 1851 and is headquartered in Denver, Colorado.
IPO Year:
Exchange: NYSE
Website: westernunion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | Peer Perform → Underperform | Wolfe Research | |
| 12/5/2023 | $12.00 | Market Perform | BMO Capital Markets |
| 10/20/2023 | $14.00 | Neutral | UBS |
| 4/20/2023 | Underperform → Peer Perform | Wolfe Research | |
| 4/10/2023 | Sell → Neutral | UBS | |
| 10/28/2022 | $12.00 | Neutral → Sell | UBS |
| 10/17/2022 | Neutral | Citigroup | |
| 7/20/2022 | $20.00 → $17.00 | Peer Perform → Underperform | Wolfe Research |
| 5/18/2022 | $18.00 | Sell | Goldman |
| 4/29/2022 | $20.00 | Buy → Neutral | Citigroup |
The Western Union Company (NYSE:WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. "We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today's announcements allows us the flexibility to continue to do that," said Devin McGranahan, President and Chief Executive Officer. Repurchases may b
Western Union becomes the first international money transfer operator to open its own branded stores in the country Launch announcement comes at the start of the Christmas holiday season when customers send and receive up to 10% more as they prepare to celebrate festivities. Western Union today announced that it has opened eight owned locations for customers in Mexico. The move makes the Company the first international money transfer service provider to launch its own branded stores in the country. The owned stores offer a specialized, high-quality customer-focused experience that address the growing demand for efficient and reliable cross-border money transfer services. "We ar
The Western Union Company (NYSE:WU) today announced that the Company will present at the UBS Global Technology and AI Conference on Wednesday, December 4th. The presentation will begin at 2:55 p.m. Mountain Time and will include comments from Matt Cagwin, Chief Financial Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from www.westernunion.com, under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, the
Western Union's first-party transactional data and deep insights into diverse audiences offer brands exceptional reach and engagement Gives businesses a unique way to deploy highly targeted messaging to multicultural consumers across a portfolio of digital channels, driving meaningful connection and brand affinity Western Union today announced a new line of business offering companies a new way to connect and engage with a diverse, multicultural audience of millions of global consumers. "For more than a century and a half, people around the world have trusted Western Union as their means to connect across borders through the power of money movement," said Bob Rupczynski, Chief Market
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
The Western Union Company (NYSE:WU) today announced that the Company will present at the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 11th. The presentation will begin at 3:45 p.m. Pacific Time and will include comments from Devin McGranahan, Chief Executive Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from www.westernunion.com, under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures fo
Consumer Money Transfer transactions grew 4% in Q2 led by 13% growth in Branded Digital transactions Q2 GAAP revenue of $1.07 billion, down 9% on a reported basis, or down 7% on an adjusted basis, including 7% headwind from Iraq Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis Q2 GAAP EPS of $0.41 or adjusted EPS of $0.44 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported second quarter 2024 financial results. The Company's second-quarter revenue of $1.07 billion decreased 9% on a reported basis or decreased 7% on an adjusted basis. The revenue decline was driven by lower contribution from Iraq compared to
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable September 30, 2024, to stockholders of record at the close of business on September 16, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect w
The Federación Mexicana de Futbol (FMF) and Soccer United Marketing (SUM) today announced an agreement between Western Union and the Mexican Men's National Team naming the financial services provider as a new official partner during the team's annual "MexTour" which includes matches across the United States. On the road to the 2026 FIFA World Cup in North America, the Mexican Men's National Team is embarking on a three-year period of highly anticipated matches and tournaments as "El Tricolor" prepares to play on the biggest stage in fútbol. Western Union's collaboration with the Mexican National Team's "MexTour" began this past May and June with matches against Bolivia, Uruguay, and Brazi
The Western Union Company (NYSE:WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. "We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today's announcements allows us the flexibility to continue to do that," said Devin McGranahan, President and Chief Executive Officer. Repurchases may b
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
Consumer Money Transfer transactions grew 4% in Q2 led by 13% growth in Branded Digital transactions Q2 GAAP revenue of $1.07 billion, down 9% on a reported basis, or down 7% on an adjusted basis, including 7% headwind from Iraq Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis Q2 GAAP EPS of $0.41 or adjusted EPS of $0.44 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported second quarter 2024 financial results. The Company's second-quarter revenue of $1.07 billion decreased 9% on a reported basis or decreased 7% on an adjusted basis. The revenue decline was driven by lower contribution from Iraq compared to
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable September 30, 2024, to stockholders of record at the close of business on September 16, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect w
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss second quarter 2024 results on July 30, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the meeting ID, which is 931 4556 9038, and the passcode, whic
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 28, 2024, to stockholders of record at the close of business on June 14, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billio
Q1 GAAP revenue of $1.05 billion, up 1% on a reported basis, or up 3% on an adjusted basis Q1 GAAP EPS of $0.41, up 3% or adjusted EPS of $0.45, up 5% Consumer Money Transfer transactions grew 6% in Q1 led by 13% growth in Branded Digital transactions Branded Digital revenue grew 9% on reported and adjusted basis Raised 2024 full year guidance for revenue and EPS The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported first quarter 2024 financial results. The Company's first-quarter revenue of $1.05 billion improved 1% on a reported basis or grew 3% on a constant currency basis, net of Argentina inflation compared to the prior year period, and
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss first quarter 2024 results on April 24, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15
Q4 GAAP revenue of $1.05 billion, down 4% on a reported basis, or up 3% on an adjusted basis Q4 GAAP EPS of $0.35, down 46%, and Q4 adjusted EPS of $0.37, up 16% Consumer Money Transfer transactions grew 5% in Q4 led by 13% growth in Branded Digital transactions Generated nearly $800 million in operating cash flow in 2023, with adjusted free cash flow conversion over 100% Board of Directors approve dividend of $0.235 per share in the first quarter of 2024 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported fourth quarter and full year 2023 results. The Company's fourth-quarter revenue of $1.05 billion declined 4% on a reported basis or gre
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Wolfe Research downgraded Western Union from Peer Perform to Underperform
BMO Capital Markets initiated coverage of Western Union with a rating of Market Perform and set a new price target of $12.00
UBS resumed coverage of Western Union with a rating of Neutral and set a new price target of $14.00
Wolfe Research upgraded Western Union from Underperform to Peer Perform
UBS upgraded Western Union from Sell to Neutral
UBS downgraded Western Union from Neutral to Sell and set a new price target of $12.00
Citigroup resumed coverage of Western Union with a rating of Neutral
Wolfe Research downgraded Western Union from Peer Perform to Underperform and set a new price target of $17.00 from $20.00 previously
Goldman initiated coverage of Western Union with a rating of Sell and set a new price target of $18.00
Citigroup downgraded Western Union from Buy to Neutral and set a new price target of $20.00
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The Western Union Company (NYSE:WU) today announced the appointment of Julie Cameron-Doe to the Company's Board of Directors, effective December 12. "Julie's breadth of finance experience, her inspiring leadership style and growth mindset will serve as great assets as we continue to progress through this period of accelerated transformation," said Devin McGranahan, President and CEO, Western Union. "As we drive toward sustainable growth, we believe that Julie's seasoned expertise in both public and private companies will be crucial in support of our next chapter to expand our value propositions for the aspiring populations of the world." Ms. Cameron-Doe brings a wealth of knowledge in b
The Western Union Company (NYSE:WU) today announces the appointment of Matthew (Matt) Cagwin as Chief Financial Officer (CFO), effective January 20, 2023. Cagwin had served as the Company's interim CFO since September 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005724/en/Matt Cagwin (Photo: Business Wire) "Matt is a talented finance executive with broad knowledge of payments and financial service," said Devin McGranahan, President and Chief Executive Officer of Western Union. "His in-depth knowledge and experience will be a valuable asset to our company as we focus on the execution of our strategy." Cagwin joined
PLANO, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, today announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Ms. Phillips and Ms. Thompson were appointed to the class of directors that will stand for election at the 2022 Annual Meeting of Stockholders. "Both executives are accomplished business leaders and seasoned board members with an impressive record of achievement at the intersection of technology, finance, retail and banking," said Orlando Zayas, CEO of Katapult. "Their fresh perspective will b
Hikmet Ersek Announces Retirement at the End of 2021 The Western Union Company (NYSE:WU), a leader in cross-border, cross-currency money movement and payments, announces the appointment of Devin B. McGranahan as new Chief Executive Officer (CEO). After a comprehensive succession planning process, the Board of Directors has appointed McGranahan to succeed Hikmet Ersek as CEO by year end 2021. McGranahan has also been appointed to the Board of Directors. After 21 years at Western Union, including the past 11 years as CEO, Hikmet Ersek (61) announced his retirement from the role as CEO and Director of Western Union by December 31st, 2021. Ersek will support the transition as a special advisor
New Role to Advance DEI as a Key Pillar of Company's Enhanced Environmental, Social and Governance Strategy The Western Union Company (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, today announced the appointment of Shannon Armbrecht as its first Chief Diversity and Talent Officer. Armbrecht commences her role with immediate effect, reporting directly to Richard Williams, Chief People Officer. In her new role, Armbrecht will provide strategic direction for enterprise-wide programs that accelerate alignment of talent, employee relations, culture and capabilities with Western Union's commitment to its DEI goals. Additionally, she will drive the strat
Fitzgerald to Drive Business Growth by Building on Western Union's Leadership Position in Global Consumer Money Movement and Expanding its Digital Payments Partnerships The Western Union Company (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, today announced the appointment of Gabriella Fitzgerald as President, Americas Region. Effective September 13, 2021, Gabriella will lead Western Union's business in the region, driving the company's market development and growth across all products, channels and customer segments. She will join the Executive Team and will report directly to Western Union CEO Hikmet Ersek. This press release features multimedia.
Cushman & Wakefield (NYSE:CWK) today announced the appointment of Angela Sun to its Board of Directors. Sun is a Partner at Rise Health Group, a digital health company. Sun will join the Board as an independent director on November 1, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210809005378/en/Angela Sun (Photo: Business Wire) "Angela's years of experience serving on boards and working across a diverse range of sectors, including data and technology, financial services, government and healthcare, will prove extremely valuable to our firm as we strive to provide innovative solutions to our clients. We are pleased to welco