Moneygram International, Inc. (MGI) Stake Increased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lifted its position in shares of Moneygram International, Inc. (NASDAQ:MGI) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,626 shares of the financial services provider’s stock after acquiring an additional 6,049 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.17% of Moneygram International worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Moneygram International by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 872,270 shares of the financial services provider’s stock valued at $14,663,000 after purchasing an additional 69,561 shares during the last quarter. SG Americas Securities LLC increased its position in Moneygram International by 807.7% in the 2nd quarter. SG Americas Securities LLC now owns 755,589 shares of the financial services provider’s stock valued at $13,034,000 after acquiring an additional 672,344 shares during the period. JPMorgan Chase & Co. increased its position in Moneygram International by 7,472.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 733,103 shares of the financial services provider’s stock valued at $12,646,000 after acquiring an additional 723,422 shares during the period. OMERS ADMINISTRATION Corp increased its position in Moneygram International by 14.3% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 628,400 shares of the financial services provider’s stock valued at $10,840,000 after acquiring an additional 78,700 shares during the period. Finally, State of Wisconsin Investment Board acquired a new position in Moneygram International in the 2nd quarter valued at approximately $9,065,000. 93.75% of the stock is owned by institutional investors.

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Several equities analysts have issued reports on the stock. Northland Securities restated a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. BidaskClub cut shares of Moneygram International from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, ValuEngine cut shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.21.

Shares of Moneygram International, Inc. (NASDAQ:MGI) opened at $14.54 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of -2.42. The stock has a market capitalization of $788.52, a price-to-earnings ratio of 17.73 and a beta of 2.00.

Moneygram International (NASDAQ:MGI) last posted its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Moneygram International had a net margin of 1.86% and a negative return on equity of 14.04%. The company had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $417.61 million. During the same period in the prior year, the company posted $0.15 earnings per share. equities research analysts expect that Moneygram International, Inc. will post 0.66 EPS for the current fiscal year.

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.

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

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