Public Employees Retirement Association of Colorado Has $522,000 Stake in Green Dot Corporation (GDOT)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Green Dot Corporation (NYSE:GDOT) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,526 shares of the financial services provider’s stock after selling 1,343 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Green Dot Corporation were worth $522,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GDOT. BlackRock Inc. grew its position in shares of Green Dot Corporation by 53,389.4% during the 1st quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock worth $177,121,000 after buying an additional 5,299,431 shares during the period. Vanguard Group Inc. boosted its stake in Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after acquiring an additional 412,984 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Green Dot Corporation by 91.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after acquiring an additional 346,014 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Green Dot Corporation by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Green Dot Corporation by 202.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after acquiring an additional 294,121 shares during the last quarter. Institutional investors own 76.91% of the company’s stock.

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Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub lowered shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine lowered 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 price target on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $41.00 to $44.00 in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Green Dot Corporation currently has an average rating of “Buy” and a consensus target price of $52.85.

Shares of Green Dot Corporation (NYSE:GDOT) opened at $62.57 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Corporation has a fifty-two week low of $23.00 and a fifty-two week high of $65.88. The stock has a market cap of $3,219.03, a P/E ratio of 37.31 and a beta of 0.91.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. sell-side analysts predict that Green Dot Corporation will post 1.71 EPS for the current fiscal year.

In related news, General Counsel John C. Ricci sold 20,707 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.21, for a total transaction of $977,577.47. Following the transaction, the general counsel now directly owns 91,163 shares in the company, valued at $4,303,805.23. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.74, for a total transaction of $373,686.30. Following the transaction, the insider now owns 217,010 shares in the company, valued at $10,143,047.40. The disclosure for this sale can be found here. Insiders sold 164,040 shares of company stock worth $8,297,066 over the last quarter. 11.00% of the stock is owned by corporate insiders.

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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