Shares of Moneygram International Inc (NASDAQ:MGI) saw unusually-high trading volume on Thursday . Approximately 21,588,985 shares were traded during mid-day trading, an increase of 334% from the previous session’s volume of 4,979,949 shares.The stock last traded at $12.16 and had previously closed at $12.16.

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

The stock has a market cap of $657.28, a PE ratio of 27.07 and a beta of 1.92. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05.

A number of large investors have recently modified their holdings of MGI. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Moneygram International during the 2nd quarter worth approximately $863,000. Citigroup Inc. grew its stake in shares of Moneygram International by 168.2% during the 2nd quarter. Citigroup Inc. now owns 270,593 shares of the financial services provider’s stock worth $4,668,000 after purchasing an additional 169,706 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Moneygram International during the 3rd quarter worth approximately $403,000. IndexIQ Advisors LLC lifted its position in shares of Moneygram International by 18.8% during the 3rd quarter. IndexIQ Advisors LLC now owns 72,263 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 11,415 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Moneygram International by 10.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 127,817 shares of the financial services provider’s stock valued at $2,205,000 after buying an additional 11,622 shares in the last quarter. Institutional investors own 91.12% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/moneygram-international-mgi-sees-strong-trading-volume/1803713.html.

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.

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.