MoneyGram International, Inc. (NASDAQ:MGI – Get Rating) saw unusually large options trading on Monday. Stock investors acquired 12,728 put options on the stock. This is an increase of approximately 1,267% compared to the average daily volume of 931 put options.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on MoneyGram International in a research report on Thursday, March 16th. They issued a "hold" rating for the company.
Get MoneyGram International alerts:Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MGI. JPMorgan Chase & Co. boosted its holdings in MoneyGram International by 110.1% in the first quarter. JPMorgan Chase & Co. now owns 73,419 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 38,467 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in MoneyGram International by 49.1% in the first quarter. MetLife Investment Management LLC now owns 40,558 shares of the financial services provider's stock valued at $428,000 after purchasing an additional 13,347 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in MoneyGram International by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,072,100 shares of the financial services provider's stock valued at $11,321,000 after purchasing an additional 14,021 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in MoneyGram International by 103.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,201,900 shares of the financial services provider's stock valued at $12,692,000 after purchasing an additional 611,900 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in MoneyGram International by 10.3% during the first quarter. Allianz Asset Management GmbH now owns 73,700 shares of the financial services provider's stock valued at $779,000 after buying an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 85.74% of the company's stock.
MoneyGram International Stock Up 0.3 %
Shares of NASDAQ MGI traded up $0.03 on Monday, hitting $10.19. The company had a trading volume of 3,267,925 shares, compared to its average volume of 1,865,421. MoneyGram International has a 12-month low of $9.18 and a 12-month high of $10.96. The business has a 50 day moving average of $10.64 and a two-hundred day moving average of $10.72. The firm has a market capitalization of $984.66 million, a P/E ratio of 29.94 and a beta of 0.99.
MoneyGram International (NASDAQ:MGI – Get Rating) last issued its quarterly earnings results on Friday, February 24th. The financial services provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. The firm had revenue of $342.10 million during the quarter, compared to the consensus estimate of $338.30 million. MoneyGram International had a negative return on equity of 22.59% and a net margin of 2.61%. On average, sell-side analysts anticipate that MoneyGram International will post 0.56 earnings per share for the current year.
MoneyGram International Company Profile
(Get Rating)
MoneyGram International, Inc is a global payment services company, which engages in providing global money transfers, bill payment solutions, and money orders. It operates through the Global Funds Transfer (GFT) and Financial Paper Products (FPP) segments. The GFT segment provides money transfer services.
Featured Stories
- Get a free copy of the StockNews.com research report on MoneyGram International (MGI)
- Medtronic: Reversal In-Play For This High-Yield Stock
- Is it 'Game Over' for Roblox After Reporting March Metrics Miss?
- Is it Time to Take Profits in Chip Stocks?
- Will Stratasys Continue to be a Runaway Bride?
- Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?
Receive News & Ratings for MoneyGram International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MoneyGram International and related companies with MarketBeat.com's FREE daily email newsletter.