Green Dot Co. (NYSE:GDOT) Shares Acquired by State Street Corp

State Street Corp increased its position in Green Dot Co. (NYSE:GDOT) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,520,389 shares of the financial services provider’s stock after buying an additional 133,200 shares during the quarter. State Street Corp’s holdings in Green Dot were worth $29,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GDOT. American Century Companies Inc. raised its stake in shares of Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 142,377 shares during the period. FMR LLC grew its holdings in Green Dot by 62.8% during the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 16,917 shares in the last quarter. Quest Partners LLC acquired a new position in Green Dot in the 2nd quarter worth $685,000. Principal Financial Group Inc. increased its position in shares of Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock worth $2,964,000 after acquiring an additional 26,676 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after acquiring an additional 104,829 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Craig Hallum lifted their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

Insider Activity

In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the purchase, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 334,037 shares of company stock valued at $3,862,091. Insiders own 1.10% of the company’s stock.

Green Dot Stock Down 0.3 %

NYSE:GDOT opened at $10.65 on Friday. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58. The firm has a market capitalization of $572.83 million, a price-to-earnings ratio of -10.14 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $11.07 and its 200 day moving average price is $10.59.

Green Dot Profile

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.