UBS Group AG Increases Stake in Moneygram International, Inc. (NASDAQ:MGI)

UBS Group AG increased its stake in shares of Moneygram International, Inc. (NASDAQ:MGI) by 227.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 37,380 shares of the financial services provider’s stock after buying an additional 25,953 shares during the period. UBS Group AG owned 0.07% of Moneygram International worth $629,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MGI. Teton Advisors Inc. purchased a new stake in shares of Moneygram International during the first quarter valued at $168,000. Engineers Gate Manager LP purchased a new stake in shares of Moneygram International during the first quarter valued at $192,000. Havens Advisors LLC purchased a new stake in shares of Moneygram International during the first quarter valued at $197,000. Russell Investments Group Ltd. purchased a new stake in shares of Moneygram International during the fourth quarter valued at $144,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Moneygram International during the first quarter valued at $202,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Moneygram International, Inc. (NASDAQ MGI) traded down 0.13% during mid-day trading on Friday, reaching $15.50. The company had a trading volume of 434,596 shares. The company has a market capitalization of $840.32 million, a PE ratio of 31.89 and a beta of 1.92. Moneygram International, Inc. has a 1-year low of $5.83 and a 1-year high of $17.92. The firm has a 50-day moving average of $16.36 and a 200 day moving average of $16.02.

Moneygram International (NASDAQ:MGI) last released its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Moneygram International had a negative return on equity of 14.11% and a net margin of 2.03%. The company had revenue of $410 million for the quarter, compared to analysts’ expectations of $417.61 million. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, analysts predict that Moneygram International, Inc. will post $1.07 earnings per share for the current fiscal year.

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MGI has been the subject of several analyst reports. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Moneygram International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 target price (up previously from $15.00) on shares of Moneygram International in a research note on Monday, June 19th. Northland Securities restated a “hold” rating and issued a $17.39 target price on shares of Moneygram International in a research note on Friday, June 30th. Finally, Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.93.

About Moneygram International

MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.

Institutional Ownership by Quarter for Moneygram International (NASDAQ:MGI)

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