MoneyGram International EVP Unloads $121,624 in Stock (MGI)
MoneyGram International (NYSE:MGI) EVP Jeffrey J. Allback unloaded 6,328 shares of MoneyGram International stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $19.22, for a total value of $121,624.16. Following the transaction, the executive vice president now directly owns 44,272 shares of the company’s stock, valued at approximately $850,908. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MoneyGram International (NYSE:MGI) traded up 1.31% on Tuesday, hitting $19.29. 37,508 shares of the company’s stock traded hands. MoneyGram International has a one year low of $15.79 and a one year high of $24.88. The stock has a 50-day moving average of $18.91 and a 200-day moving average of $20.23. The company has a market cap of $1.118 billion and a price-to-earnings ratio of 26.08.
MoneyGram International (NYSE:MGI) last announced its earnings results on Tuesday, February 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $385.80 million for the quarter, compared to the consensus estimate of $389.34 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that MoneyGram International will post $1.39 earnings per share for the current fiscal year.
MGI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of MoneyGram International in a research note on Thursday, February 13th. They now have a $19.00 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of MoneyGram International from $27.00 to $25.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. MoneyGram International has an average rating of “Hold” and a consensus price target of $21.71.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.