MoneyGram International (MGI) Stock Forecast, Price & News

MoneyGram International's stock was trading at $10.89 at the beginning of 2023. Since then, MGI shares have increased by 0.9% and is now trading at $10.99.
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MoneyGram International saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 13,850,000 shares, a drop of 32.9% from the April 30th total of 20,650,000 shares. Based on an average trading volume of 3,310,000 shares, the short-interest ratio is presently 4.2 days.
View MoneyGram International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our MGI earnings forecast.

MoneyGram International, Inc. (NASDAQ:MGI) announced its quarterly earnings data on Friday, October, 29th. The financial services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The financial services provider earned $319.60 million during the quarter, compared to analysts' expectations of $330.31 million. MoneyGram International had a net margin of 2.54% and a negative trailing twelve-month return on equity of 22.97%. During the same period last year, the business posted $0.15 EPS.

ETFs with the largest weight of MoneyGram International (NASDAQ:MGI) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB), AltShares Merger Arbitrage ETF (ARB), ETFMG Prime Mobile Payments ETF (IPAY) and iShares Micro-Cap ETF (IWC).iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

140 employees have rated MoneyGram International Chief Executive Officer Alex Holmes on Glassdoor.com. Alex Holmes has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MoneyGram International investors own include Western Union (WU), Advanced Micro Devices (AMD), Ford Motor (F), Pfizer (PFE), Coty (COTY), NIO (NIO), AbbVie (ABBV), Sorrento Therapeutics (SRNE), Alibaba Group (BABA) and General Electric (GE).

MoneyGram International trades on the NASDAQ under the ticker symbol "MGI."

MoneyGram International's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.36%), Gabelli Funds LLC (2.44%), JPMorgan Chase & Co. (2.08%), State Street Corp (1.95%), Geode Capital Management LLC (1.86%) and Glazer Capital LLC (1.84%). Insiders that own company stock include Adrianna E Greenwald, Andres Villareal, Francisco Lorca, Grant A Lines, Peggy Vaughan, Robert L Villasenor, W Alexander Holmes and W Bruce Turner.
View institutional ownership trends.

Shares of MGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGI stock can currently be purchased for approximately $10.99.

MoneyGram International (NASDAQ:MGI) has a market capitalization of $1.07 billion and generates $1.31 billion in revenue each year. The financial services provider earns $34.20 million in net income (profit) each year or $0.34 on an earnings per share basis.

The company employs 2,247 workers across the globe.

MoneyGram International's mailing address is 2828 NORTH HARWOOD STREET 15TH FLOOR, DALLAS TX, 75201. The official website for the company is www.corporate.moneygram.com. The financial services provider can be reached via phone at (214) 999-7552 or via email at ir@moneygram.com.