SCHEDULE 13G/A: T. Rowe Price Discloses 8.6% Stake in Western Union

T. Rowe Price Associates, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 8.6% of Western Union Co.'s common stock as of December 31, 2024.

Summary

• T. Rowe Price Associates, Inc., an investment adviser based in Baltimore, MD, has reported beneficial ownership of 28,983,265 shares of Western Union Co. common stock.
• This ownership represents 8.6% of Western Union's outstanding common stock.
• T. Rowe Price holds sole voting power over 28,881,113 shares and sole dispositive power over all 28,983,265 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a change in previously reported beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in Western Union, a global leader in cross-border, cross-currency money movement and payments. Such disclosures by major investment firms like T. Rowe Price are common and provide transparency into large shareholder positions, which can sometimes signal investor confidence or strategic interest in the company within the financial services and payments industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a reputable investment firm like T. Rowe Price may be viewed positively by existing shareholders, potentially signaling institutional confidence in Western Union.

Key Dates

Keywords

Western Union, T. Rowe Price, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, WU