Allianz Asset Management GmbH grew its position in shares of Green Dot Co. (NYSE:GDOT) by 59.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,303 shares of the financial services provider’s stock after buying an additional 39,960 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.21% of Green Dot worth $6,466,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. American International Group Inc. grew its stake in Green Dot by 6.4% during the third quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock worth $1,793,000 after buying an additional 2,180 shares during the last quarter. Rothschild Asset Management Inc. acquired a new position in shares of Green Dot during the third quarter worth approximately $29,051,000. Nationwide Fund Advisors lifted its position in shares of Green Dot by 184.0% during the third quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock worth $6,439,000 after purchasing an additional 84,133 shares in the last quarter. GMT Capital Corp acquired a new position in shares of Green Dot during the third quarter worth approximately $13,178,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Green Dot during the third quarter worth approximately $428,000. 83.11% of the stock is currently owned by hedge funds and other institutional investors.
Green Dot Co. (GDOT) opened at $67.04 on Friday. Green Dot Co. has a twelve month low of $32.04 and a twelve month high of $69.37. The firm has a market cap of $3,390.00, a P/E ratio of 44.40 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The business had revenue of $212.99 million for the quarter, compared to analyst estimates of $206.07 million. During the same period in the prior year, the business posted $0.19 earnings per share. Green Dot’s revenue was up 30.9% compared to the same quarter last year. equities analysts predict that Green Dot Co. will post 2.44 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on GDOT shares. Citigroup upgraded shares of Green Dot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $66.00 to $68.00 in a research report on Tuesday, February 13th. William Blair reiterated an “outperform” rating on shares of Green Dot in a research report on Monday, February 12th. Morgan Stanley set a $60.00 target price on shares of Green Dot and gave the stock a “hold” rating in a research report on Monday, November 20th. Compass Point lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Craig Hallum reiterated a “buy” rating and set a $75.00 target price (up from $70.00) on shares of Green Dot in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.29.
In other Green Dot news, CAO Jess Unruh sold 5,670 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $368,550.00. Following the sale, the chief accounting officer now directly owns 99,075 shares in the company, valued at $6,439,875. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven W. Streit sold 6,830 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $61.68, for a total transaction of $421,274.40. Following the completion of the sale, the chief executive officer now owns 176,621 shares in the company, valued at $10,893,983.28. The disclosure for this sale can be found here. Insiders sold 294,200 shares of company stock worth $18,146,505 over the last 90 days. 11.00% of the stock is currently owned by company insiders.
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About Green Dot
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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