State Street Corp Boosts Stake in Green Dot Co. (NYSE:GDOT)

State Street Corp lifted its position in Green Dot Co. (NYSE:GDOT) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,520,389 shares of the financial services provider’s stock after purchasing an additional 133,200 shares during the quarter. State Street Corp owned about 4.69% of Green Dot worth $29,514,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GDOT. American Century Companies Inc. lifted its stake in shares of Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 142,377 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after purchasing an additional 104,829 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Green Dot by 17.7% in the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after buying an additional 82,022 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Green Dot in the second quarter valued at approximately $685,000. Finally, Marshall Wace LLP purchased a new position in shares of Green Dot during the 2nd quarter worth $304,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

Shares of GDOT opened at $10.65 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The stock has a market capitalization of $572.83 million, a PE ratio of -10.14 and a beta of 0.90. The stock has a 50-day simple moving average of $11.07 and a 200-day simple moving average of $10.59.

Insider Activity at Green Dot

In related news, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at $68,843,100.72. This trade represents a 2.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the transaction, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.62 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 334,037 shares of company stock valued at $3,862,091 over the last quarter. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GDOT has been the topic of a number of recent analyst reports. Craig Hallum upped their price objective on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th. Barclays boosted their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. One research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.75.

Green Dot 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.