Green Dot Co. (NYSE:GDOT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Green Dot Co. (NYSE:GDOT) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,130 shares of the financial services provider’s stock after acquiring an additional 26,676 shares during the quarter. Principal Financial Group Inc.’s holdings in Green Dot were worth $2,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC increased its holdings in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Green Dot by 7.3% during the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,430 shares during the last quarter. Amalgamated Bank grew its position in Green Dot by 14.0% in the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 1,920 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Green Dot by 12.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,125 shares of the financial services provider’s stock worth $200,000 after buying an additional 2,331 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Green Dot in the second quarter worth $25,000. Institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the transaction, the insider now owns 5,376,787 shares of the company’s stock, valued at approximately $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Topline Capital Management, Ll sold 380,611 shares of Green Dot stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the transaction, the insider now directly owns 5,708,126 shares of the company’s stock, valued at $59,592,835.44. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,180 shares of company stock worth $10,071,696 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Green Dot Price Performance

GDOT stock opened at $9.95 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The stock has a market cap of $535.18 million, a PE ratio of -9.48 and a beta of 0.90. The stock has a 50-day moving average price of $10.87 and a two-hundred day moving average price of $10.64.

Green Dot Company 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.