Eagle Asset Management Inc. Sells 13,975 Shares of Green Dot Co. (GDOT)

Eagle Asset Management Inc. trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,291,765 shares of the financial services provider’s stock after selling 13,975 shares during the quarter. Eagle Asset Management Inc.’s holdings in Green Dot were worth $114,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Green Dot by 12.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,398 shares of the financial services provider’s stock valued at $18,671,000 after buying an additional 27,979 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Green Dot by 30.6% during the 2nd 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 in the last quarter. Royce & Associates LP purchased a new stake in shares of Green Dot during the 2nd quarter valued at about $477,000. Cynosure Advisors LLC purchased a new stake in shares of Green Dot during the 2nd quarter valued at about $280,000. Finally, WINTON GROUP Ltd raised its position in shares of Green Dot by 93.1% during the 2nd quarter. WINTON GROUP Ltd now owns 246,446 shares of the financial services provider’s stock valued at $18,087,000 after buying an additional 118,790 shares in the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

In other Green Dot news, insider Jess Unruh sold 8,024 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $88.70, for a total value of $711,728.80. Following the transaction, the insider now directly owns 75,045 shares in the company, valued at approximately $6,656,491.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven W. Streit sold 9,860 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $72.54, for a total transaction of $715,244.40. Following the completion of the transaction, the chief executive officer now owns 112,059 shares in the company, valued at $8,128,759.86. The disclosure for this sale can be found here. Insiders sold a total of 443,022 shares of company stock worth $36,223,861 over the last 90 days. Insiders own 11.00% of the company’s stock.



Several brokerages have recently issued reports on GDOT. Craig Hallum set a $115.00 target price on shares of Green Dot and gave the company a “buy” rating in a research report on Thursday, November 8th. ValuEngine downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a report on Wednesday. Citigroup set a $105.00 price target on shares of Green Dot and gave the company a “buy” rating in a report on Friday, November 9th. Finally, Barclays started coverage on shares of Green Dot in a report on Wednesday. They set an “overweight” rating and a $103.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $91.33.

Shares of NYSE:GDOT opened at $83.00 on Friday. The stock has a market cap of $4.16 billion, a P/E ratio of 52.53 and a beta of 1.06. Green Dot Co. has a 12 month low of $54.08 and a 12 month high of $93.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.05 and a current ratio of 1.04.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.13. The business had revenue of $230.58 million for the quarter, compared to the consensus estimate 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 for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts forecast that Green Dot Co. will post 2.49 EPS for the current year.

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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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