Green Dot Corporation (GDOT) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its stake in shares of Green Dot Corporation (NYSE:GDOT) by 5.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 390,445 shares of the financial services provider’s stock after selling 23,260 shares during the period. Parametric Portfolio Associates LLC owned about 0.78% of Green Dot Corporation worth $15,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Suntrust Banks Inc. increased its holdings in Green Dot Corporation by 2.4% during the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Green Dot Corporation by 2.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC increased its holdings in Green Dot Corporation by 3.6% during the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock worth $451,000 after buying an additional 470 shares during the last quarter. Arizona State Retirement System increased its holdings in Green Dot Corporation by 2.2% during the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock worth $774,000 after buying an additional 500 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Green Dot Corporation by 0.8% during the first quarter. Legal & General Group Plc now owns 78,448 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 654 shares during the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.

In other Green Dot Corporation news, insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $50.90, for a total transaction of $406,945.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $39.86, for a total transaction of $199,300.00. Following the sale, the chief financial officer now directly owns 762,575 shares of the company’s stock, valued at $30,396,239.50. The disclosure for this sale can be found here. Insiders sold a total of 166,151 shares of company stock valued at $7,601,462 over the last three months. 11.00% of the stock is currently owned by insiders.

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Several equities analysts have recently weighed in on GDOT shares. Zacks Investment Research downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup Inc. lifted their target price on shares of Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Lake Street Capital upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $44.00 in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $45.91.

Green Dot Corporation (NYSE GDOT) opened at 53.83 on Friday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 45.77 and a beta of 1.00. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $54.14. The stock has a 50 day moving average of $48.44 and a 200-day moving average of $40.17.

Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.

Green Dot Corporation Profile

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

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Institutional Ownership by Quarter for Green Dot Corporation (NYSE:GDOT)

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