Moneygram International Inc (MGI) Stake Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Moneygram International Inc (NASDAQ:MGI) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,999 shares of the financial services provider’s stock after selling 5,101 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Moneygram International worth $1,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MGI. BNP Paribas Arbitrage SA grew its position in Moneygram International by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,618 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Moneygram International in the third quarter worth $145,000. Voya Investment Management LLC grew its position in Moneygram International by 20.8% in the second quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 2,562 shares in the last quarter. Wells Fargo & Company MN grew its position in Moneygram International by 4.8% in the second quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 973 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Moneygram International by 107.9% in the third quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 11,137 shares in the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

Shares of Moneygram International Inc (NASDAQ MGI) opened at $12.60 on Friday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. Moneygram International Inc has a 1 year low of $11.43 and a 1 year high of $17.92. The stock has a market cap of $684.94, a PE ratio of 28.00 and a beta of 1.92.

Moneygram International (NASDAQ:MGI) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Moneygram International had a net margin of 1.86% and a negative return on equity of 14.19%. equities research analysts anticipate that Moneygram International Inc will post 0.83 EPS for the current year.

Several research analysts recently issued reports on MGI shares. ValuEngine upgraded shares of Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. BidaskClub lowered shares of Moneygram International from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lowered shares of Moneygram International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Moneygram International currently has a consensus rating of “Hold” and an average price target of $16.21.

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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.

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

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