Capital Research Global Investors Takes 19.1M Share Stake in WU
Ticker: WU · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1365135
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investment-firm, shareholder-update
TL;DR
**Big fund Capital Research Global Investors just revealed a 19.1M share stake in Western Union.**
AI Summary
Capital Research Global Investors, a major investment firm, reported owning 19,136,796 shares of Western Union Co. common stock as of December 29, 2023. This represents a significant stake, giving them sole voting and dispositive power over these shares. This matters to investors because a large institutional holder like Capital Research Global Investors taking a substantial position can signal confidence in the company's future, potentially influencing other investors and the stock price.
Why It Matters
This filing shows a major institutional investor has a significant stake in Western Union, which can be seen as a vote of confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive signal rather than a risk.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating institutional confidence in Western Union, and might consider further research into the company's fundamentals.
Key Numbers
- 19,136,796 — Shares Beneficially Owned (Represents the total number of Western Union shares held by Capital Research Global Investors.)
- 959802109 — CUSIP Number (Unique identifier for Western Union's Common Stock.)
Key Players & Entities
- Capital Research Global Investors (company) — reporting person and beneficial owner of Western Union shares
- Western Union Co. (company) — the issuer of the securities
- 19,136,796 (dollar_amount) — number of shares beneficially owned
- December 29, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- Other institutional investors may increase their positions in Western Union, following Capital Research Global Investors' lead. (Western Union Co.) — medium confidence, target: Next 6 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Capital Research Global Investors, as stated in item 1 of the cover page and the 'FILED BY' section.
What is the name of the issuer whose securities are being reported?
The issuer is Western Union Co., as identified in the 'Name of Issuer' section and the 'SUBJECT COMPANY' data.
How many shares of Western Union Co. common stock does Capital Research Global Investors beneficially own?
Capital Research Global Investors beneficially owns 19,136,796 shares of Western Union Co. common stock, as reported in item 9 of the cover page.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Stats: 1,033 words · 4 min read · ~3 pages · Grade level 8.4 · Accepted 2024-02-09 17:49:06
Filing Documents
- SEC13G_Filing.htm (SC 13G) — 16KB
- 0001422848-24-000089.txt ( ) — 18KB
From the Filing
SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Western Union Co. (Name of Issuer) Common Stock (Title of Class of Securities) 959802109 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 959802109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 19,136,796 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 19,136,796 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,136,796 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Western Union Co. (b) Address of Issuer's Principal Executive Offices 7001 East Belleview Avenue, Denver, CO 80237 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 959802109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 19,136,796 ** (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 19,136,796 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 19,136,796 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 19,136,796 shares or 5.3% of the 364,359,008 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner