Western Union Company (WU): Today's Featured Financial Services Laggard

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Western Union Company ( WU) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Western Union Company fell $0.80 (-5.0%) to $15.25 on heavy volume. Throughout the day, 19,573,967 shares of Western Union Company exchanged hands as compared to its average daily volume of 7,004,000 shares. The stock ranged in price between $14.60-$15.52 after having opened the day at $14.65 as compared to the previous trading day's close of $16.05. Other companies within the Financial Services industry that declined today were: MoneyGram International ( MGI), down 17.7%, RENN Global Entrepreneurs Fund ( RCG), down 5.7%, Cohen & Steers ( CNS), down 5.0% and Xoom ( XOOM), down 4.3%.

The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. Western Union Company has a market cap of $8.5 billion and is part of the financial sector. Shares are down 7.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Western Union Company a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Western Union Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Nelnet ( NNI), up 11.0%, Sorrento Therapeutics ( SRNE), up 9.3%, China Ceramics ( CCCL), up 7.4% and QIWI ( QIWI), up 7.0% , were all gainers within the financial services industry with Bank of New York Mellon ( BK) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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