Last $12.13 USD
Change Today -0.46 / -3.65%
Volume 254.4K
MGI On Other Exchanges
As of 8:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

moneygram international inc (MGI) Snapshot

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52 Week High
10/25/13 - $21.95
52 Week Low
10/16/14 - $11.90
Market Cap
Average Volume 10 Days
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Dividend Yield

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moneygram international inc (MGI) Details

MoneyGram International, Inc., together with its subsidiaries, provides money transfer and payment services in the United States and internationally. The company operates in two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services primarily to unbanked and under banked consumers. Its bill payment services allow consumers to make bill payments, pay routine bills, or load and reload prepaid debit cards to various billers in the credit card, mortgage, auto finance, telecommunications, corrections, satellite, utilities, property management, prepaid card, and collections industries. This segment provides money transfer services through its network of agents, as well as through company-owned retail locations. It also offers money transfer services on the Internet via its MoneyGram Online service, as well as through kiosks, ATMs, prepaid cards, and direct-to-bank account products. The Financial Paper Products segment provides money orders to consumers through its retail and financial institution agent locations; and offers official check services for financial institutions. This segment sells its money orders under the MoneyGram brand, as well as on a private label or co-branded basis with retail and financial institution agents. MoneyGram International, Inc. was founded in 1926 and is headquartered in Dallas, Texas.

2,590 Employees
Last Reported Date: 03/3/14
Founded in 1926

moneygram international inc (MGI) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $909.5K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $363.1K
Executive Vice President of Europe, Africa an...
Total Annual Compensation: $505.5K
Executive Vice President of Global Operations
Total Annual Compensation: $363.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $290.8K
Compensation as of Fiscal Year 2013.

moneygram international inc (MGI) Key Developments

MoneyGram Extends Exclusive Relationship with ACE Cash Express, Inc

MoneyGram announced that it has renewed a longstanding contract with one of its agents, ACE Cash Express, Inc. The extended seven-year agreement builds on a strong collaboration between the two companies who have strategically worked together for 25 years to provide access to alternative financial services for consumers throughout the U.S. With this renewal, MoneyGram has now secured eight of its top ten agents through the first quarter of 2017 or beyond. With the agreement, MoneyGram's full suite of services -- money transfers, money orders, bill payments -- will continue to be offered at more than 1,400 U.S. ACE Cash Express stores. Consumers can also access MoneyGram's online services through the ACE Cash Express website, where they can connect directly to MoneyGram to transfer funds or pay bills.

United Bank for Africa Plc and MoneyGram Launch New Outbound Money Transfer Service in Nigeria

United Bank for Africa Plc and MoneyGram launched outbound money transfers in Nigeria. The newly launched MoneyGram outbound money transfer service allows Nigerians to send money abroad through any UBA branch in Nigeria or Africa while the funds are received in dollar or the currency of the receiving country. With this service, Nigerians can now send money to countries like UK and USA from Nigeria. The Nigerian will send money in Naira, the person receiving in UK or USA; will receive it in pounds or dollars. The outbound money transfer service allows Nigerians to send money in Naira to over 200 countries around the world by simply working into any UBA branch in Nigeria or in the 18 other African countries where UBA has operations outside Nigeria or through any other MoneyGram Agent Bank.

MoneyGram Expands Network in Malaysia Through Agreement with BFC Exchange

MoneyGram announced that it has signed an agreement with BFC Exchange Malaysia Sdn. Bhd. to offer international money transfer services at branches throughout the country. These additional locations will make MoneyGram's quick and reliable money transfer services more accessible to those who depend on them for life's essentials.


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Valuation MGI Industry Range
Price/Earnings 8.0x
Price/Sales 0.5x
Price/Book NM Not Meaningful
Price/Cash Flow 4.2x
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