Moneygram International Stock: A Comprehensive Guide

MoneyGram International is a leading global money transfer and payment services company. Founded in 1940, it has been a major player in the money transfer industry for over 80 years.

MoneyGram International is listed on the NASDAQ stock exchange under the ticker symbol MGI. This allows investors to easily buy and sell shares of the company.

The company's headquarters is located in Dallas, Texas, and it has a significant presence in over 200 countries worldwide.

MoneyGram's revenue has been steadily increasing over the years, reaching $1.45 billion in 2020, up from $1.33 billion in 2019.

The company's growth can be attributed to its strategic partnerships and expansion into new markets. MoneyGram's revenue has been steadily increasing over the years, reaching $1.45 billion in 2020, up from $1.33 billion in 2019.

In 2020, MoneyGram processed over 1.4 billion transactions, a 10% increase from the previous year. This growth is a testament to the company's ability to adapt to changing market conditions.

MoneyGram's cost of revenue as a percentage of revenue has been decreasing over the years, from 81.5% in 2018 to 76.6% in 2020. This reduction in costs has helped the company maintain its profitability.

The company's net income has also been on the rise, reaching $24.6 million in 2020, up from a net loss of $21.3 million in 2019. This turnaround is a result of MoneyGram's efforts to reduce costs and improve its operational efficiency.

MoneyGram's cash and cash equivalents have been increasing over the years, reaching $134.6 million in 2020, up from $123.6 million in 2019. This increase in cash reserves has provided the company with a solid financial foundation.

Analysts' recommendations for Moneygram International have been varied, with some firms downgrading their ratings. Northland, for example, downgraded Moneygram International to Market Perform from Outperform in March 2022.

Barclays has consistently maintained an Underweight rating for Moneygram International, with multiple price target adjustments. In November 2021, they adjusted the price target to $6 from $10, and in July 2021, they adjusted it to $9 from $7.

Some analysts have also upgraded their ratings for Moneygram International. In May 2021, JPMorgan lifted the rating to Neutral from Underweight, with a price target of $10 from $8.

Northland Securities downgraded MoneyGram International to Market Perform from Outperform, adjusting the price target to $11 from $12.25.

Analysts have been keeping a close eye on MoneyGram International, with Barclays adjusting the price target to $6 from $10 and reiterating an Underweight rating.

Multiple analysts have made changes to their recommendations for MoneyGram International, including JPMorgan lifting the stock to Neutral from Underweight with a price target of $10 from $8.

Barclays has made several adjustments to their price target for MoneyGram International, including a recent change to $9 from $7, while keeping the Underweight rating.

Here is a summary of the analysts' recommendations:

These changes demonstrate the ongoing analysis and evaluation of MoneyGram International by the financial community.

The Managers and Directors of MoneyGram International, Inc. are responsible for the company's overall direction and strategy. Anthony Soohoo is the CEO, having taken over on October 27, 2024.

Joe Vaughan has been the CTO since December 31, 2020, while Veronica Larson took on the same role on May 31, 2021.

Brendan Barrett, Christopher Bruzzo, and Denelle Dixon are all Director/Board Members, having joined the board on August 14, 2023.

Here's a breakdown of the Managers and Directors:

The Managers and Directors play a crucial role in shaping the company's future.

MoneyGram has a history of implementing stock splits to boost its per-share price. In November 2011, the company underwent a 1-for-8 reverse stock split.

This type of split allowed MoneyGram to reduce its outstanding shares and increase the stock price without affecting its market capitalization. The company's stock price had fallen to a low of $1.99, which is below the minimum required by major stock exchanges for listing.

Some large investors, like mutual funds, also require a certain minimum price for the stocks they purchase, which can be a challenge for companies with low stock prices.

To buy MoneyGram stock, you'll need to open a brokerage account. This is because MoneyGram doesn't offer a direct stock purchase plan.

Online brokerages like Robinhood, SoFi Invest, and Cash App Investing make it easy to buy and sell stocks without a commission fee. They even let you purchase fractional shares from as little as $1.

If you want to buy MoneyGram stock indirectly, you can consider ETFs and mutual funds with exposure to the company. However, these investments come with an annual fee called an expense ratio.

You may also incur a load fee when buying or selling mutual fund shares, and some mutual funds have minimum investment amount requirements, ranging from $1,000 to $1 million.

MoneyGram has been making waves in the financial industry, and it's essential to stay up-to-date on the latest news and updates.

Madison Dearborn Partners completed its acquisition of MoneyGram on June 1, 2023. This significant move has likely had a substantial impact on the company's operations and stock performance.

MoneyGram and Madison Dearborn Partners announced their merger transaction was expected to close on or before June 1, 2023. This timeline was met, and the acquisition was successfully completed.

MoneyGram has also been expanding its services, with the launch of MoneyGram Online "MGO" in Chile on April 27, 2023. This move aims to increase accessibility and convenience for customers in the region.

Here's a summary of the key dates:

MoneyGram has been making some significant moves in the industry. Alex Holmes is set to remain as an advisor to the board of directors, a role that will surely provide valuable insights.

The company has also partnered with Khaby Lame, a popular social media influencer, on a new project. This collaboration could help MoneyGram reach a wider audience and tap into the influencer's massive following.

Here are some key developments in MoneyGram's leadership:

MoneyGram has also expanded its presence in the Middle East through a partnership with fintech app barraq. This move is likely to increase the company's customer base and revenue in the region.

The company has received significant funding, including $20.708552 million from MoneyGram International, Inc. itself, to support its growth initiatives. This investment will help MoneyGram stay competitive in the market and continue to innovate its services.

MoneyGram has been making some big moves lately. Madison Dearborn Partners has completed its acquisition of MoneyGram, a deal that was expected to close on or before June 1, 2023.

This acquisition is a significant development in the company's history. Madison Dearborn Partners is a private equity firm that has a track record of investing in financial services companies.

MoneyGram has also been expanding its services in new markets. The company has launched MoneyGram Online, or MGO, in Chile, making it easier for people in the country to send and receive money.

Here are some key press releases from MoneyGram:

MoneyGram has also been sharing updates on its financial performance. The company recently filed its 10-Q form with the SEC, which provides a detailed look at its financial condition and results of operations.

It's worth noting that Madison Dearborn Partners' acquisition of MoneyGram was announced in a press release on May 4, 2023.