Dimensional Fund Advisors LP held its stake in Moneygram International, Inc. (NASDAQ:MGI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 872,270 shares of the financial services provider’s stock at the end of the 2nd quarter. Dimensional Fund Advisors LP owned approximately 1.61% of Moneygram International worth $15,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MGI. BNP Paribas Arbitrage SA raised its position in shares of 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 valued at $120,000 after buying an additional 3,618 shares during the last quarter. Bank of America Corp DE raised its position in shares of Moneygram International by 34.1% in the first quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,015 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Moneygram International in the second quarter valued at about $178,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Moneygram International in the first quarter valued at about $202,000. Finally, Dumac Inc. acquired a new stake in shares of Moneygram International in the second quarter valued at about $203,000. Institutional investors and hedge funds own 95.01% of the company’s stock.

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

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Shares of Moneygram International, Inc. (NASDAQ:MGI) opened at $15.00 on Monday. Moneygram International, Inc. has a 12-month low of $8.98 and a 12-month high of $17.92. The stock has a market cap of $813.47, a PE ratio of 18.29 and a beta of 2.00. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05.

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.

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

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