Green Dot Co. (NYSE:GDOT) Shares Acquired by Connors Investor Services Inc.

Connors Investor Services Inc. increased its holdings in shares of Green Dot Co. (NYSE:GDOT) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,124 shares of the financial services provider’s stock after buying an additional 7,102 shares during the period. Connors Investor Services Inc.’s holdings in Green Dot were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in Green Dot by 11.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after buying an additional 97,040 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Green Dot by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock worth $7,416,000 after acquiring an additional 81,846 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in shares of Green Dot by 54.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock worth $5,914,000 after purchasing an additional 209,818 shares in the last quarter. Wellington Management Group LLP acquired a new position in Green Dot in the 3rd quarter valued at $7,869,000. Finally, Hsbc Holdings PLC boosted its stake in Green Dot by 33.3% during the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock worth $3,408,000 after purchasing an additional 84,894 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Wall Street Analyst Weigh In

GDOT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Trading Down 5.7 %

NYSE:GDOT traded down $0.56 during trading hours on Friday, hitting $9.26. The company had a trading volume of 756,957 shares, compared to its average volume of 491,091. Green Dot Co. has a 1 year low of $7.30 and a 1 year high of $20.89. The company has a market cap of $492.72 million, a P/E ratio of -19.70 and a beta of 0.96. The company has a 50-day moving average of $9.69 and a 200 day moving average of $9.11.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The firm had revenue of $447.42 million during the quarter, compared to analysts’ expectations of $415.70 million. On average, analysts forecast that Green Dot Co. will post 1.03 earnings per share for the current year.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.