T. Rowe Price Discloses Small Passive Stake in Western Union (WU)
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. reported beneficial ownership of 289,288 shares of Western Union Co. common stock, equal to 0.1% of the class. The filing shows sole voting power for 279,601 shares and sole dispositive power for 289,288 shares and records the position as ownership of 5% or less of the class.
The statement identifies T. Rowe Price as an investment adviser and affirms the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The Schedule 13G/A therefore documents a small, passive stake rather than an activist position.
Positive
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Negative
- None.
Insights
TL;DR Small, passive stake: 289,288 WU shares (0.1%), held in ordinary course; no control intent.
The filing discloses a modest holding by T. Rowe Price Associates totaling 289,288 shares, representing 0.1% of Western Union's common stock. The reporting lines show sole voting power over 279,601 shares and sole dispositive power over 289,288 shares. Item disclosures classify the filer as an investment adviser and state the position is held in the ordinary course and not to influence control. From a market-impact perspective, the stake is immaterial to corporate control and unlikely to affect valuation or governance.
TL;DR Filing confirms passive ownership by an investment adviser and explicitly denies intent to influence control.
The Schedule 13G/A identifies T. Rowe Price as an investment adviser and includes a certification that the securities were not acquired to change or influence control. Such language is standard for passive institutional investors filing under Section 13G. The reported voting and dispositive powers are typical administrative disclosures; given the 0.1% stake, this filing signals routine reporting rather than a governance or activist development.