Green Dot Co. (NYSE:GDOT) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in Green Dot Co. (NYSE:GDOT) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,930 shares of the financial services provider’s stock after selling 15,566 shares during the period. Hsbc Holdings PLC owned 0.65% of Green Dot worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Green Dot in the 2nd quarter worth approximately $25,000. Nisa Investment Advisors LLC lifted its position in Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,609 shares in the last quarter. Headlands Technologies LLC boosted its stake in Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,293 shares during the last quarter. UMB Bank n.a. grew its holdings in Green Dot by 98.3% in the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,415 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Green Dot by 39.2% in the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,691 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Trading Down 2.0 %

Shares of NYSE:GDOT opened at $11.56 on Thursday. The business has a 50-day moving average price of $10.61 and a 200 day moving average price of $9.76. Green Dot Co. has a 12-month low of $7.30 and a 12-month high of $14.10. The company has a market capitalization of $615.11 million, a price-to-earnings ratio of -24.60 and a beta of 0.91.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. As a group, equities research analysts predict that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on GDOT shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. Barclays increased their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.