National Bank of Canada FI Acquires Shares of The Western Union Company

2 min read | September 13, 2024 09:12 AM EDT | By Team Kalkine Media

In the second quarter, National Bank of Canada FI increased its position in The Western Union Company (TSX:WI) by 1.1%, as detailed in its most recent Form 13F filing with the Securities and Exchange Commission. The financial institution now holds 80,813 shares of the credit services provider, having added 896 shares during this period. According to the latest SEC filing, National Bank of Canada FI’s holdings in Western Union are valued at approximately $979,000.

Additional adjustments by other significant stakeholders have been noted recently. Price T. Rowe Associates Inc. MD expanded its stake in Western Union dramatically by 7,569.8% in the first quarter. Following the acquisition of 13,724,584 shares, Price T. Rowe Associates Inc. MD now controls 13,905,891 shares of the credit services provider, with a valuation around $194,405,000.

Moreover, LSV Asset Management also increased its holdings in Western Union by 2.3% during the first quarter. The firm's portfolio now includes 8,274,077 shares of the company, reflecting a total valuation of $115,672,000 after acquiring an additional 186,922 shares. This growth highlights LSV Asset Management’s continued confidence in the company's performance.

In another notable development, Allianz Asset Management GmbH enhanced its position by 27.9% during the fourth quarter. Allianz now owns 7,460,960 shares, valued at approximately $88,935,000, following an acquisition of 1,627,822 additional shares. This significant increase indicates Allianz’s growing commitment to Western Union.

Discerene Group LP also raised its stake in Western Union by 11.9% in the first quarter, bringing its total holdings to 6,682,192 shares, valued at about $93,417,000 after adding 710,873 shares. This adjustment further reflects the firm’s strategic interest in the company.

Dimensional Fund Advisors LP experienced an 18.9% increase in its holdings in the fourth quarter. Dimensional Fund Advisors LP now possesses 4,543,650 shares of Western Union, which are valued at roughly $54,161,000, following the acquisition of 721,331 shares. This increase aligns with the firm’s broader investment strategy.

Currently, institutional investors and hedge funds collectively own 91.81% of Western Union's stock. This high level of institutional ownership underscores the significant interest and confidence these entities have in the company's future performance and stability.

 


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