MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, mobile solutions, digital partners, wallets, and account deposit services. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions under the MoneyGram brand and on a private label or co-branded basis with various agents and financial institutions; and official check outsourcing services for banks and credit unions. MoneyGram International, Inc. was incorporated in 2003 and is based in Dallas, Texas.
IPO Year:
Exchange: NASDAQ
Website: corporate.moneygram.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2021 | $10.00 → $6.00 | Underweight | Barclays |
| 7/12/2021 | $7.00 → $9.00 | Underweight | Barclays |
DALLAS and CHICAGO, June 1, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, and Madison Dearborn Partners ("MDP"), a leading private equity investment firm based in Chicago, today announced that funds affiliated with MDP have completed their previously disclosed all-cash acquisition of MoneyGram for $11.00 per share. MoneyGram's common stock has ceased trading and will be delisted from the Nasdaq stock market. "Completing the transaction with MDP
DALLAS, May 4, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today provided an update on its previously announced agreement (the "Merger Agreement") to be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"). Today, the parties received approval from the Reserve Bank of India. As a result, all money transmission regulators in all applicable domestic and international jurisdictions have now provided their approval or non-obje
Consumers can now use the Company's leading website and mobile app to send funds from Chile to family and friends around the world As digital transactions now account for over 50% of the Company's money transfer business, growth continues to be driven by demand for its direct-to-consumer offering DALLAS, April 27, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the launch of MoneyGram Online ("MGO") in Chile. Consumers can now use the Company's leading website and mobile app to send funds from Chile to family and friends around the world. MoneyG
Ross will lead the Company's direct-to-consumer business and global digital strategy This announcement comes as digital transactions now account for over 50% of the Company's money transfer business DALLAS, April 24, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the appointment of Seth Ross as Chief Digital Officer. In this role, Ross will lead the Company's direct-to-consumer business and global digital strategy. He will report directly to Alex Holmes, MoneyGram Chairman and CEO, and will sit on the Executive Leadership Team. His appointment
DALLAS, April 14, 2023 /PRNewswire/ -- Carrefour Group ("Carrefour") and MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram"), a leading global financial technology company that connects the world's communities, today announced they will expand MoneyGram services to over 500 Carrefour locations in multiple markets in 2024. Carrefour customers across Europe and Latin America will now be able to send money from their local hypermarket or supermarket to loved ones in over 200 countries and territories around the world. MoneyGram will support Carrefour on the operational manag
Companies were chosen based on a holistic approach to evaluating trust, which included three main touchpoints: customer trust, investor trust and employee trust This honor recognizes companies across several industries, including Financial Services, in which MoneyGram was ranked fourth overall in the category DALLAS, April 7, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced it has been named one of the "Most Trustworthy Companies in America in 2023" by Newsweek.
The Company has been recognized for bringing real-world blockchain use case to life with first-of-its-kind global on/off-ramp service for digital wallets This prestigious international awards program celebrates outstanding financial technology products and companies DALLAS, March 27, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, has been named winner of the "Best Use of Blockchain in FinTech" award at the 2023 FinTech Breakthrough Awards. This program is conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top
Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their smartphones MoneyGram is the first money transfer organization to bring this capability to market in Jamaica DALLAS, March 10, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced a partnership with Lynk, the mobile wallet powered by National Commercial Bank Financial Group (NCBFG), the largest financial group in Jamaica. Through this partnership, Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their sma
Digital revenue reached an all-time high of $98.6 million and digital transactions reached 47% of money transfer transactions at the end of the fourth quarter Digital transactions increased 47% in the fourth quarter over the prior year DALLAS, Feb. 24, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) today reported financial results for its fourth quarter ended December 31, 2022. Fourth Quarter Business Highlights "MoneyGram reported strong results in the fourth quarter, rounding out a milestone year for the company and our innovative digital cross-border platfo
MoneyGram and urpay, one of the Company's key partners in the Middle East, hosted a joint customer to unveil the new car alongside MoneyGram Haas F1 Team drivers As a relentlessly customer-centric company, MoneyGram is dedicated to utilizing its title partnership of MoneyGram Haas F1 Team to bring customers close to the action DALLAS, Feb. 23, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company") and MoneyGram Haas F1 Team today unveiled the VF-23, the car that that the team will take to the track to compete in the 2023 season of the FIA Formula One (F1) World Championship. The car was revealed this morning at pre-season testing in Bahrain, ahead of t
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Ross will lead the Company's direct-to-consumer business and global digital strategy This announcement comes as digital transactions now account for over 50% of the Company's money transfer business DALLAS, April 24, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the appointment of Seth Ross as Chief Digital Officer. In this role, Ross will lead the Company's direct-to-consumer business and global digital strategy. He will report directly to Alex Holmes, MoneyGram Chairman and CEO, and will sit on the Executive Leadership Team. His appointment
DENVER, Oct. 27, 2021 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE:NBHC) announced today that its Board of Directors appointed Ms. Alka Gupta as a Director of the Company, effective November 1, 2021. Gupta will serve on the Audit & Risk Committee. Gupta is a Fortune 500 executive and tech entrepreneur with deep experience in digital transformation. She is currently a Venture Partner at Fin Venture Capital, a fintech B2B focused global venture fund. She was also a Co-Founder of and former President at GlobaliD, Inc., a venture backed, portable, and interoperable identity platform leveraging the blockchain where she continues to serve on the Board. Previously, Gupta was an e
DALLAS, April 6, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the appointment of Hilary Jackson as its new Chief Operating Officer reporting to Alex Holmes, Chairman and CEO. The appointment is effective April 26, 2021. Ms. Jackson joins MoneyGram from Selene Holdings where she served as Chief Operating Officer. Prior to joining Selene, Ms. Jackson held multiple executive roles at Capital One, including Head of Technology for Top of House Products within Capital One's Financial Services division, and Head of Home Loans Servicing. Hilary also spent 12 years at Bank of America, where she pr
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DALLAS and CHICAGO, Feb. 15, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) (the "Company"), a global leader in the evolution of digital P2P payments, and Madison Dearborn Partners, LLC ("MDP"), a leading private equity firm based in Chicago, today announced a definitive agreement under which funds affiliated with MDP will acquire all outstanding shares of MoneyGram for $11.00 per share in an all-cash transaction valued at approximately $1.8 billion. The purchase price represents a meaningful premium of approximately 50% to MoneyGram's unaffected closing stock price on December 14, 2021, the last trading day prior to media speculation regarding a possible transaction.
DALLAS, Feb. 4, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) will announce its fourth quarter and full-year 2021 financial results on Friday, February 25, 2022. Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will host a conference call at 9 a.m. ET to discuss the financial results. The news release and the webcast will be available at ir.moneygram.com. Participants may join the call and view the presentation at the numbers and link below: Toll Free: 1-888-254-3590Toll/International: 1-929-477-0402Participant
DALLAS, Oct. 28, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) today reported financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Business Highlights"Consumers continue to value our digital-first strategy, as we delivered another strong quarter of digital growth and cross-border payment innovation. Our direct-to-consumer channel, MGO, reached a record high in volume and delivered incredibly strong revenue growth of 34% compared to last year, and 229% growth compared to 2019. Digital now represents 34% of money transfer transac
DALLAS, Oct. 20, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) will announce its third quarter 2021 financial results on Friday, October 29, 2021. Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will host a conference call at 9 a.m. ET to discuss the financial results. The news release and the webcast will be available at ir.moneygram.com. Participants may join the call and view the presentation at the numbers and link below: Toll Free: 1-866-288-0540 Toll/International: 1-646-828-8144 Participant Link: https:
DALLAS, July 29, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) today reported financial results for its second quarter ended June 30, 2021. Second Quarter 2021 Business Highlights "We delivered strong top and bottom-line financial performance in the second quarter on revenue growth of 18% driven by a record number of online customers and transactions. During the quarter, we exited our DPA and significantly reduced our cost of capital through the combination of our efficient equity offering and successful execution of our debt refinancing," said Alex Holmes Mo
DALLAS, July 19, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) will announce its second quarter 2021 financial results on Friday, July 30, 2021. Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will host a conference call at 9 a.m. ET to discuss the financial results. The news release and the webcast will be available at ir.moneygram.com. Participants may join the call and view the presentation at the numbers and link below: Toll Free: 1-800-458-4121Toll/International: 1-929-477-0324http://public.viavid.com/inde
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Barclays reiterated coverage of MoneyGram with a rating of Underweight and set a new price target of $6.00 from $10.00 previously
Barclays reiterated coverage of MoneyGram with a rating of Underweight and set a new price target of $9.00 from $7.00 previously
JP Morgan upgraded MoneyGram from Underweight to Neutral and set a new price target of $10.00 from $8.00 previously
Barclays reiterated coverage of MoneyGram International with a rating of Underweight and set a new price target of $6.00 from $4.50 previously
Northland Securities resumed coverage of MoneyGram International with a rating of Buy and set a new price target of $9.50