Voya Investment Management LLC lifted its stake in Moneygram International, Inc. (NASDAQ:MGI) by 20.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,878 shares of the financial services provider’s stock after buying an additional 2,562 shares during the quarter. Voya Investment Management LLC’s holdings in Moneygram International were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MGI. Vanguard Group Inc. grew its position in shares of Moneygram International by 13.1% during the second quarter. Vanguard Group Inc. now owns 2,289,495 shares of the financial services provider’s stock worth $39,494,000 after purchasing an additional 264,925 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Moneygram International by 32.8% during the second quarter. Renaissance Technologies LLC now owns 1,875,291 shares of the financial services provider’s stock worth $32,349,000 after purchasing an additional 462,900 shares in the last quarter. Sand Grove Capital Management LLP grew its position in shares of Moneygram International by 47.7% during the second quarter. Sand Grove Capital Management LLP now owns 1,130,504 shares of the financial services provider’s stock worth $19,603,000 after purchasing an additional 365,243 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Moneygram International by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 872,270 shares of the financial services provider’s stock worth $14,663,000 after purchasing an additional 69,561 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Moneygram International by 807.7% during the second quarter. SG Americas Securities LLC now owns 755,589 shares of the financial services provider’s stock worth $13,034,000 after purchasing an additional 672,344 shares in the last quarter. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Moneygram International, Inc. (NASDAQ:MGI) opened at $14.53 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 $10.00 and a 1 year high of $17.92. The stock has a market capitalization of $776.05, a PE ratio of 17.45 and a beta of 2.00.

MGI has been the subject of several research analyst reports. ValuEngine cut Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Northland Securities reiterated a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Moneygram International currently has a consensus rating of “Hold” and a consensus target price of $16.21.

Moneygram International 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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