Frontier Capital Management Co. LLC Lowers Holdings in Green Dot Co. (GDOT)

Frontier Capital Management Co. LLC reduced its holdings in shares of Green Dot Co. (NYSE:GDOT) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 177,803 shares of the financial services provider’s stock after selling 6,225 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.34% of Green Dot worth $15,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. UBS Group AG boosted its holdings in shares of Green Dot by 59.0% in the first quarter. UBS Group AG now owns 46,719 shares of the financial services provider’s stock valued at $2,998,000 after acquiring an additional 17,333 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Green Dot in the first quarter valued at about $455,000. Legal & General Group Plc boosted its holdings in shares of Green Dot by 2.8% in the first quarter. Legal & General Group Plc now owns 95,735 shares of the financial services provider’s stock valued at $6,107,000 after acquiring an additional 2,621 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Green Dot by 54.7% in the first quarter. Xact Kapitalforvaltning AB now owns 5,937 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Green Dot by 3.5% in the first quarter. Principal Financial Group Inc. now owns 393,267 shares of the financial services provider’s stock valued at $25,232,000 after acquiring an additional 13,240 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Shares of NYSE GDOT opened at $78.83 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06. Green Dot Co. has a 52 week low of $54.08 and a 52 week high of $91.51. The stock has a market capitalization of $4.14 billion, a P/E ratio of 37.18 and a beta of 1.06.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The firm had revenue of $258.30 million during the quarter, compared to analysts’ expectations of $250.18 million. During the same quarter last year, the business earned $0.55 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts anticipate that Green Dot Co. will post 2.4 EPS for the current fiscal year.

GDOT has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Green Dot from $67.00 to $73.00 and gave the company a “$81.43” rating in a report on Thursday, July 19th. Guggenheim reaffirmed a “buy” rating and issued a $88.00 target price on shares of Green Dot in a report on Thursday, August 9th. Loop Capital lifted their target price on shares of Green Dot to $100.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Jefferies Financial Group lifted their target price on shares of Green Dot from $89.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Citigroup lifted their target price on shares of Green Dot from $77.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $83.00.

In related news, CAO Jess Unruh sold 2,147 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $76.27, for a total value of $163,751.69. Following the completion of the sale, the chief accounting officer now owns 71,350 shares in the company, valued at $5,441,864.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark L. Shifke sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $83.16, for a total transaction of $831,600.00. Following the completion of the sale, the chief financial officer now owns 661,574 shares of the company’s stock, valued at approximately $55,016,493.84. The disclosure for this sale can be found here. Insiders sold 386,922 shares of company stock valued at $31,744,662 in the last quarter. Company insiders own 11.00% of the company’s stock.

Green Dot Company Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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