Bank of New York Mellon Corp cut its position in shares of GreenSky Inc (NASDAQ:GSKY) by 23.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,169 shares of the company’s stock after selling 9,713 shares during the quarter. Bank of New York Mellon Corp’s holdings in GreenSky were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System bought a new stake in shares of GreenSky during the second quarter valued at approximately $212,000. Bank of America Corp DE bought a new stake in shares of GreenSky during the second quarter valued at approximately $1,483,000. Acadian Asset Management LLC bought a new stake in shares of GreenSky during the third quarter valued at approximately $1,973,000. Finally, Wells Fargo & Company MN boosted its position in shares of GreenSky by 124.8% during the third quarter. Wells Fargo & Company MN now owns 1,904,289 shares of the company’s stock valued at $34,278,000 after purchasing an additional 1,057,371 shares in the last quarter. Institutional investors own 32.85% of the company’s stock.
GreenSky stock opened at $11.30 on Friday. GreenSky Inc has a 12 month low of $8.30 and a 12 month high of $27.01.
GSKY has been the topic of several analyst reports. Sandler O’Neill raised GreenSky from a “hold” rating to a “buy” rating in a report on Monday, December 10th. SunTrust Banks dropped their target price on GreenSky to $11.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Morgan Stanley downgraded GreenSky from an “overweight” rating to an “equal weight” rating and set a $10.00 target price on the stock. in a report on Thursday, November 8th. Zacks Investment Research raised GreenSky from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, Compass Point downgraded GreenSky from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $11.00 in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. GreenSky presently has a consensus rating of “Buy” and a consensus target price of $20.62.
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GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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