Everything You Need To Know About Western Union Stock

Everything You Need To Know About Western Union Stock

Western Union is a financial services company that has long been a popular way of executing money transfers from and to the United States. The company serves individuals, businesses, and institutions to facilitate seamless transfers of funds between parties within and across U.S. borders. 

The company has a long history and was founded all the way back in 1851. Western Union has undergone many changes since then and nowadays handles billions of dollars in digital money transfers from all over the world. 

In addition to its core money transfer services, Western Union has expanded into other areas such as bill payment, prepaid cards, and money orders. 

After going public in 2006, Western Union has been one of the most volatile financial services ever since, with wild swings in both directions being a frequent occurrence. 

The 2022 bear market has proven to be especially tough for Western Union stock and investors might be wondering how the company could bounce back and regain lost ground in the coming years. If you are one of those investors who is considering buying Western Union stock, then this investfox guide is for you. 

8 Facts You Should Know About Western Union Stock

  • Western Union is listed on the New York Stock Exchange, under the WU ticker
  • The company was initially founded as The New York and Mississippi Valley Printing Telegraph Company in 1851 and has undergone numerous bankruptcies and restructurings since then
  • Western Union’s stock reached an all-time high of over $28 just prior to the 2008 crash
  • The company is a constituent of the S&P 500 - the benchmark index of the U.S. stock market. WU was also added to the Russell 1000 index in 2021
  • Western Union has a presence in over 200 countries and territories, making it one of the largest money transfer companies in the world
  • In 2020, Western Union announced a partnership with Google to enable users to send money through Google Pay using Western Union's platform
  • As of April 2023, Western Union had a market capitalization of $4 billion 
  • BlackRock is the largest institutional shareholder of Western Union, owning 16.70% of its shares 

Western Union Stock Performance

Western Union stock has taken massive hits since the start of the year 2022 losing over 40% of its market value. With earnings missing analyst estimates and high-profile bank failures taking place in March 2023, Western Union has found itself in a tough spot. 

While the company’s financials were far from terrible, it has struggled to regain past growth momentum. Fierce competition in the financial services industry has also pressured Western Union’s stock and driven investors to try their luck elsewhere. 

With the stock trading between the $10-12 range, and a bulk of its woes coming from outside forces, Western Union could be a decent buy at current valuations. However, before markets start to turn around, WU may well fall further breaking the $10 price point. 

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Pros & Cons Of Investing In Western Union Stock

Prospective investors may be weary of Western Union’s recent financial and stock woes. However, it is important to consider the pros and cons of investing in the stock to get a clearer picture of possible things to come for WU stock.


  • Market position - Western Union is one of the largest money transfer companies in the world with a vast customer base
  • Growing digital business - Western Union has been expanding its digital capabilities in recent years, which could help it capture a larger share of the growing online money transfer market
  • Brand recognition - Western Union has a long history and a globally-recognizable brand identity, which is an advantage new players in the market do not have
  • Attractive dividend yield - Western Union pays dividends to its shareholders and offers an attractive yield of 8.65%


  • Regulatory risk - the money transfer market is subject to various rules and regulations and Western Union has had a few issues and had to pay penalties over its long operational history
  • Competition - the global money transfer market is a competitive one, which gives Western Union very little room for error
  • Economic risk - money transfers depend on broader economic trends and market downturns can hurt Western Union’s bottom line
  • Technology risk - the more Western Union digitalizes its business, the threat of cyber attacks on its systems will pose a greater threat 
  • Dependence on legacy business - While Western Union has been taking steps to expand its digital capabilities, a bulk of its revenue still comes from the core money transfer business, which leads to concentrated risk

"We have a fantastic core businessl, we are in 200 countries, we have 500,000 locations, we have regulation, we are
regulated in every country, so we built the base and we were very concentrated on our core business" - Devin McGranahan

Key Takeaways From Everything You Need To Know About Western Union Stock

  • Western Union is a global money transfer and financial services company founded in 1851
  • The company trades its shares on the New York Stock Exchange, under the WU ticker
  • Western Union’s stock has endured a difficult year in 2022 and trades at a considerable discount
  • The company is actively trying to expand its digital capabilities - partnering with the likes of Google to implement Google Pay
  • Western Union’s financials have started to improve, which can help the company regain lost ground in the near future

FAQs On Everything You Need To Know About Western Union Stock

Is Western Union a good stock?

Western Union has long been characterized by an erratic stock movement and frequent swings. The stock lost a lot of ground in 2022, but improving the bottom line and digital services could help the stock regain some lost momentum in the future. 

What stock index is Western Union part of?

Western Union is a constituent of the S&P 500 and Russell 1000 indexes, which are some of the most closely-monitored indexes in the world. 

Does Western Union pay dividends?

Western Union has a dividend yield of 8.63% and a quarterly dividend of $0.23/share. The company has been able to increase earnings and dividend payments are likely to persist in the coming years.