UBS Asset Management Americas Inc. raised its position in shares of Green Dot Corporation (NYSE:GDOT) by 34.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 19,975 shares of the financial services provider’s stock after buying an additional 5,076 shares during the period. UBS Asset Management Americas Inc.’s holdings in Green Dot Corporation were worth $666,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in GDOT. Comerica Bank raised its stake in Green Dot Corporation by 8.7% in the fourth quarter. Comerica Bank now owns 46,948 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 3,766 shares during the period. State of Alaska Department of Revenue raised its stake in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares during the period. Hartford Investment Management Co. purchased a new stake in Green Dot Corporation during the first quarter valued at $367,000. Norges Bank purchased a new stake in Green Dot Corporation during the fourth quarter valued at $10,785,000. Finally, Great West Life Assurance Co. Can raised its stake in Green Dot Corporation by 9.2% in the first quarter. Great West Life Assurance Co. Can now owns 62,176 shares of the financial services provider’s stock valued at $2,074,000 after buying an additional 5,230 shares during the period. 81.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Green Dot Corporation (NYSE GDOT) traded up 1.38% during mid-day trading on Tuesday, hitting $40.35. 277,203 shares of the company traded hands. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 41.47 and a beta of 1.06. The firm has a 50-day moving average of $39.52 and a 200-day moving average of $34.02. Green Dot Corporation has a one year low of $21.45 and a one year high of $40.84.
Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.15. The company had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities analysts predict that Green Dot Corporation will post $1.95 earnings per share for the current year.
Several research firms have weighed in on GDOT. Citigroup Inc. increased their target price on shares of Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Zacks Investment Research lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Keefe, Bruyette & Woods set a $37.00 price target on shares of Green Dot Corporation and gave the company a “hold” rating in a research note on Thursday, July 6th. Lake Street Capital assumed coverage on shares of Green Dot Corporation in a research note on Monday, June 26th. They issued a “hold” rating and a $41.00 price target on the stock. Finally, BidaskClub lowered shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.88.
In other Green Dot Corporation news, General Counsel John C. Ricci sold 3,686 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $35.97, for a total transaction of $132,585.42. Following the completion of the transaction, the general counsel now owns 90,032 shares in the company, valued at $3,238,451.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John C. Ricci sold 30,709 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $36.16, for a total transaction of $1,110,437.44. Following the transaction, the general counsel now owns 115,997 shares of the company’s stock, valued at approximately $4,194,451.52. The disclosure for this sale can be found here. Insiders have sold 225,996 shares of company stock valued at $8,357,963 in the last quarter. Company insiders own 11.00% of the company’s stock.
About Green Dot Corporation
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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