AQR Capital Management LLC Increases Position in Green Dot Co. (NYSE:GDOT)

AQR Capital Management LLC lifted its stake in shares of Green Dot Co. (NYSE:GDOT) by 17.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,339 shares of the financial services provider’s stock after purchasing an additional 15,304 shares during the period. AQR Capital Management LLC owned about 0.20% of Green Dot worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GDOT. Quadrature Capital Ltd boosted its stake in Green Dot by 111.7% during the fourth quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after buying an additional 33,068 shares during the period. DGS Capital Management LLC purchased a new position in shares of Green Dot in the 1st quarter valued at $139,000. UMB Bank n.a. increased its position in shares of Green Dot by 98.3% during the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,415 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Green Dot by 41.4% during the 1st quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock valued at $1,471,000 after acquiring an additional 46,179 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Green Dot by 10.3% during the 1st quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider’s stock worth $684,000 after buying an additional 6,866 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GDOT. Craig Hallum lifted their price target on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. Finally, Barclays lifted their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Insider Activity

In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at approximately $73,091,483.55. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Green Dot Price Performance

Shares of GDOT stock opened at $11.34 on Friday. The firm has a market capitalization of $603.14 million, a P/E ratio of -24.12 and a beta of 0.92. The company’s fifty day moving average price is $11.02 and its two-hundred day moving average price is $9.93. Green Dot Co. has a 12 month low of $7.30 and a 12 month high of $13.14.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, sell-side analysts anticipate that Green Dot Co. will post 1 EPS for the current year.

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.