Meeder Asset Management Inc. Buys New Shares in Green Dot Co. (NYSE:GDOT)

Meeder Asset Management Inc. purchased a new position in Green Dot Co. (NYSE:GDOT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,150 shares of the financial services provider’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GDOT. Vanguard Group Inc. grew its position in Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider’s stock worth $38,141,000 after buying an additional 71,534 shares in the last quarter. State Street Corp grew its holdings in shares of Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after purchasing an additional 133,200 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Green Dot by 9.0% during the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares during the period. American Century Companies Inc. raised its stake in shares of Green Dot by 42.5% in the fourth quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider’s stock valued at $11,077,000 after purchasing an additional 310,492 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider’s stock valued at $7,032,000 after purchasing an additional 380,692 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Wall Street Analyst Weigh In

GDOT has been the topic of several analyst reports. Barclays lowered their price target on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. Finally, Craig Hallum upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 14th.

Green Dot Stock Up 0.9 %

Shares of NYSE GDOT opened at $8.52 on Wednesday. Green Dot Co. has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The business has a fifty day moving average of $8.30 and a two-hundred day moving average of $9.96. The stock has a market cap of $461.77 million, a PE ratio of -8.11 and a beta of 1.06.

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.