Moneygram International, Inc. (MGI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Moneygram International, Inc. (NASDAQ:MGI) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,046 shares of the financial services provider’s stock after selling 10,437 shares during the quarter. Bank of New York Mellon Corp owned 0.29% of Moneygram International worth $2,743,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MGI. UBS Asset Management Americas Inc. purchased a new stake in shares of Moneygram International during the 1st quarter worth approximately $202,000. Parametric Portfolio Associates LLC boosted its stake in shares of Moneygram International by 3.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 134,909 shares of the financial services provider’s stock worth $2,268,000 after acquiring an additional 4,929 shares in the last quarter. American International Group Inc. boosted its stake in shares of Moneygram International by 7.1% during the 1st quarter. American International Group Inc. now owns 18,227 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,208 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Moneygram International during the 1st quarter worth approximately $1,531,000. Finally, Teachers Advisors LLC boosted its stake in shares of Moneygram International by 7.4% during the 1st quarter. Teachers Advisors LLC now owns 58,782 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 4,043 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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MGI has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $18.00 price target (up previously from $15.00) on shares of Moneygram International in a research note on Monday, June 19th. Northland Securities reissued a “hold” rating and set a $17.39 price target on shares of Moneygram International in a research note on Friday, June 30th. BidaskClub lowered Moneygram International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine lowered Moneygram International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.21.

Moneygram International, Inc. (NASDAQ MGI) opened at 15.97 on Thursday. The company’s 50 day moving average price is $15.98 and its 200 day moving average price is $16.67. Moneygram International, Inc. has a 12 month low of $5.83 and a 12 month high of $17.92. The firm has a market capitalization of $865.80 million, a P/E ratio of 32.86 and a beta of 1.96.

Moneygram International (NASDAQ:MGI) last issued its earnings results on Monday, August 7th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The firm had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $417.61 million. Moneygram International had a net margin of 2.03% and a negative return on equity of 14.11%. During the same period last year, the firm posted $0.15 earnings per share. Analysts anticipate that Moneygram International, Inc. will post $1.07 EPS for the current year.

Moneygram International Company Profile

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.

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

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