Swiss National Bank Acquires 2,300 Shares of Green Dot Co. (NYSE:GDOT)

Swiss National Bank raised its stake in Green Dot Co. (NYSE:GDOT) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 95,100 shares of the financial services provider’s stock after buying an additional 2,300 shares during the period. Swiss National Bank owned about 0.18% of Green Dot worth $1,012,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after purchasing an additional 133,200 shares during the period. Geode Capital Management LLC increased its stake in shares of Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after acquiring an additional 101,008 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Green Dot by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after acquiring an additional 78,547 shares during the period. Barclays PLC boosted its stake in Green Dot by 342.0% during the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock worth $1,036,000 after acquiring an additional 68,481 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Green Dot in the fourth quarter worth $294,000. 92.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GDOT shares. Craig Hallum upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 14th. Barclays cut their price target on Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th.

Insider Transactions at Green Dot

In related news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the transaction, the insider now directly owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Topline Capital Management, Ll sold 380,611 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the completion of the sale, the insider now directly owns 5,708,126 shares of the company’s stock, valued at $59,592,835.44. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Green Dot Trading Down 2.2 %

GDOT opened at $8.37 on Friday. Green Dot Co. has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The firm has a market capitalization of $453.63 million, a PE ratio of -7.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company’s 50-day moving average is $8.32 and its 200 day moving average is $10.01.

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.