Jupiter Asset Management Discloses 4.7% Passive Stake in Western Union
Ticker: WU · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1365135
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Jupiter Asset Management just revealed a 4.7% stake in Western Union, a big institutional vote of confidence.**
AI Summary
Jupiter Asset Management Ltd, a UK-based investment firm, has disclosed a significant passive stake in The Western Union Company (WU). As of December 31, 2023, Jupiter Asset Management reported beneficial ownership of 16,630,000 shares of Western Union's common stock, representing 4.7% of the company's outstanding shares. This filing indicates Jupiter's position as a substantial, but passive, investor, meaning they do not intend to influence management or control the company. For shareholders, this signals a vote of confidence from a large institutional investor, potentially bolstering investor sentiment.
Why It Matters
This filing shows a major institutional investor, Jupiter Asset Management, sees value in Western Union, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a passive investment disclosure, indicating no immediate intent to influence the company, thus posing low risk.
Analyst Insight
A smart investor would view this as a positive signal of institutional confidence in Western Union and might consider further research into the company's fundamentals, especially if they are considering buying or adding to their position.
Key Numbers
- 16,630,000 — Shares Beneficially Owned (Represents Jupiter Asset Management's total holding in Western Union.)
- 4.7% — Percentage of Class (Indicates the proportion of Western Union's common stock owned by Jupiter Asset Management.)
- 12/31/2023 — Date of Event (The specific date when Jupiter Asset Management's ownership crossed the reporting threshold.)
Key Players & Entities
- Jupiter Asset Management Ltd (company) — reporting person, institutional investor
- The Western Union Company (company) — issuer of the securities
- 16,630,000 (dollar_amount) — number of shares beneficially owned
- 4.7% (dollar_amount) — percentage of class beneficially owned
- December 31, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- Jupiter Asset Management will maintain its passive stake in Western Union for the foreseeable future. (Jupiter Asset Management Ltd) — high confidence, target: 12/31/2024
- Western Union's stock price may see a slight positive sentiment boost due to institutional interest. (The Western Union Company) — medium confidence, target: 03/31/2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Jupiter Asset Management Ltd, based in England and Wales, as stated in Item 1 and Item 4 of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The issuer is The Western Union Company, as identified in the 'Name of Issuer' section of the Schedule 13G.
What type of securities are covered by this filing and what is their CUSIP number?
The securities covered are Common Stock, par value $0.01 per share, with a CUSIP Number of 959802109, as detailed in the Schedule 13G.
As of what date did the event requiring this filing occur?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the Schedule 13G.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c) of the Securities Exchange Act of 1934, indicated by the checked box on the cover page.
Filing Stats: 1,489 words · 6 min read · ~5 pages · Grade level 12.5 · Accepted 2024-02-09 06:40:13
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- sc13g_012924.htm (SC 13G) — 50KB
- 0001171843-24-000705.txt ( ) — 52KB
Name of Person Filing
Item 2. Name of Person Filing: This statement is filed by: Jupiter Asset Management Ltd. and Jupiter Investment Management Limited. Jupiter Asset Management Ltd. and Jupiter Investment Management Limited are indirectly controlled by Jupiter Fund Management plc. Jupiter Asset Management Ltd. and Jupiter Investment Management Limited are hereinafter sometimes collectively referred to as the "Reporting Persons." The Reporting Persons have entered into a Joint Filing Agreement pursuant to which the Reporting Persons have agreed to file this statement and any subsequent amendments thereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. The Reporting Persons provide investment advisory and management services and have acquired the securities of the Issuer solely for investment purposes on behalf of client accounts over which they have investment discretion. The securities of the Issuer are held in such accounts for the economic benefit of the beneficiaries of those accounts. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this (a) Address of Principal Business Office or, if None, Residence: Jupiter Asset Management Ltd The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ (b) Citizenship:England and Wales (c) Title and Class of Securities: Common Stock, par value $0.01 per share ("Common Stock") (d) CUSIP No.: 959802109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act; (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance c