LPL Financial LLC purchased a new stake in Green Dot Co. (NYSE:GDOT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,565 shares of the financial services provider’s stock, valued at approximately $317,000.
Several other hedge funds also recently made changes to their positions in GDOT. Swiss National Bank increased its stake in Green Dot by 1.5% in the third quarter. Swiss National Bank now owns 81,500 shares of the financial services provider’s stock valued at $7,239,000 after purchasing an additional 1,200 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Green Dot by 30.6% in the second quarter. Public Employees Retirement System of Ohio now owns 69,861 shares of the financial services provider’s stock valued at $5,127,000 after buying an additional 16,361 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Green Dot by 23.0% in the third quarter. Hsbc Holdings PLC now owns 110,298 shares of the financial services provider’s stock valued at $9,795,000 after buying an additional 20,613 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Green Dot by 82.1% in the third quarter. Allianz Asset Management GmbH now owns 137,372 shares of the financial services provider’s stock valued at $12,201,000 after buying an additional 61,942 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of Green Dot in the third quarter valued at approximately $2,988,000. Institutional investors own 87.23% of the company’s stock.
GDOT stock traded down $0.32 during trading hours on Friday, reaching $72.53. The stock had a trading volume of 338,395 shares, compared to its average volume of 939,887. The stock has a market cap of $3.82 billion, a P/E ratio of 45.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. Green Dot Co. has a fifty-two week low of $54.08 and a fifty-two week high of $93.00.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.13. The company had revenue of $230.58 million for the quarter, compared to analyst estimates of $223.95 million. Green Dot had a net margin of 11.47% and a return on equity of 14.80%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, equities research analysts anticipate that Green Dot Co. will post 2.5 EPS for the current fiscal year.
In other Green Dot news, General Counsel John C. Ricci sold 4,466 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $84.48, for a total value of $377,287.68. Following the transaction, the general counsel now directly owns 46,405 shares of the company’s stock, valued at approximately $3,920,294.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jess Unruh sold 2,147 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $75.29, for a total transaction of $161,647.63. Following the completion of the transaction, the insider now directly owns 62,930 shares in the company, valued at $4,737,999.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,172 shares of company stock worth $10,523,510. 9.70% of the stock is owned by insiders.
Several research firms have recently weighed in on GDOT. Zacks Investment Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine cut shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Craig Hallum set a $115.00 price target on shares of Green Dot and gave the company a “buy” rating in a report on Thursday, November 8th. Deutsche Bank set a $79.00 price target on shares of Green Dot and gave the company a “hold” rating in a report on Thursday, November 8th. Finally, Barclays initiated coverage on shares of Green Dot in a report on Wednesday, November 14th. They issued an “overweight” rating and a $103.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $91.00.
About Green Dot
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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