Moneygram International Company Profile (NASDAQ:MGI)

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

Moneygram International Inc (NASDAQ:MGI) announced its quarterly earnings data on Thursday, May, 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. The company earned $386.10 million during the quarter, compared to analysts' expectations of $387.92 million. Moneygram International had a net margin of 0.78% and a negative return on equity of 11.22%. The business's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. View Moneygram International's Earnings History.

5 equities research analysts have issued 12 month price objectives for Moneygram International's shares. Their forecasts range from $8.00 to $13.25. On average, they expect Moneygram International's share price to reach $9.75 in the next twelve months. View Analyst Ratings for Moneygram International.

Here are some recent quotes from research analysts about Moneygram International stock:

• 1. According to Zacks Investment Research, "MoneyGram’s earnings of $0.26 per share, surpassed the Zacks Consensus Estimate of $0.15 and increased 53% year over year. MoneyGram stock gained 45.72% year till date significantly outperforming the Zacks categorized Miscellaneous Financial Services industry that lost 1.13%. The surge in the share price can be attributed to ongoing merger with Ant Financial. The partnership with Ant Financial will enhance the strength of Moneygram which operates in an intensively competitive and fast-changing payments industry. While on its own, the company has to continually invest in business in order to keep pace with the constantly evolving industry. Consequently, an union with a stable partner will make its journey easier. However, MoneyGram faces headwinds in the form of volatile currencies, stiff competition, rising expenses from heightened regulations and compliance requirements." (5/16/2017)
• 2. JPMorgan Chase & Co. analysts commented, "[S]hares have hovered at the $7 level over the last month, but up ~15 percent since last earnings print, despite mixed news flow that we think could keep the stock range bound in the foreseeable future; hence, we are downgrading shares to Neutral and maintain our $8 PT," (7/12/2016)

Moneygram International saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,315,457 shares, an increase of 60.7% from the April 28th total of 818,421 shares. Based on an average trading volume of 700,776 shares, the days-to-cover ratio is currently 1.9 days. Currently, 4.8% of the shares of the company are sold short.

Some companies that are related to Moneygram International include American Assets Trust (AAT), Capitol Federal Financial (CFFN), Renasant Corp. (RNST), TowneBank (TOWN), Cohen & Steers (CNS), Rexford Industrial Realty (REXR), Banner (BANR), Boardwalk REIT (BOWFF), Fidelity & Guaranty Life (FGL), Bank of N.T. Butterfield & Son Ltd (NTB), Invesco Mortgage Capital (IVR), Genworth Financial (GNW), Apollo Commercial Real Est. Finance (ARI), Fortress Investment Group LLC (FIG), OneBeacon Insurance Group (OB), Pra Group (PRAA), Summit Hotel Properties (INN) and LegacyTexas Financial Group (LTXB).

Moneygram International's management team includes the folowing people:

• Pamela H. Patsley, Executive Chairman of the Board
• W. Alexander Holmes, Chief Executive Officer, Director
• Lawrence Angelilli, Chief Financial Officer, Executive Vice President
• Juan C. Agualimpia, Executive Vice President - Business Development, Chief Marketing Officer
• Francis Aaron Henry, Executive Vice President, General Counsel, Corporate Secretary
• Grant A. Lines, Executive Vice President - Business Development
• Wayne F. McGurk, Executive Vice President - Information Technology
• Peter E. Ohser, Executive Vice President - Business Development
• R. Lee Furnival, Senior Vice President - Global Operations
• John D. Stoneham, Vice President, Corporate Controller and Principal Accounting Officer

Moneygram International's stock is owned by many different of institutional and retail investors. Top institutional investors include Lee Thomas H Partners LP (43.68%), Vanguard Group Inc. (3.83%), Cooke & Bieler LP (2.91%), Renaissance Technologies LLC (2.67%), LSV Asset Management (2.49%) and Dimensional Fund Advisors LP (1.65%). Company insiders that own Moneygram International stock include Coley Clark, Michael P Rafferty, Peggy Vaughan and W Bruce Turner. View Institutional Ownership Trends for Moneygram International.

Moneygram International's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Cooke & Bieler LP, Lapides Asset Management LLC, Menta Capital LLC, Alliancebernstein L.P., JPMorgan Chase & Co., Bank of New York Mellon Corp and Royce & Associates LP. View Insider Buying and Selling for Moneygram International.

Moneygram International's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, OMERS ADMINISTRATION Corp, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Morgan Stanley, Candriam Luxembourg S.C.A., OppenheimerFunds Inc., SG Americas Securities LLC and Geode Capital Management LLC. Company insiders that have bought Moneygram International stock in the last two years include Coley Clark, Michael P Rafferty, Peggy Vaughan and W Bruce Turner. View Insider Buying and Selling for Moneygram International.

Shares of Moneygram International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Moneygram International stock can currently be purchased for approximately $17.37.