JPMorgan Chase & Co. Increases Stock Holdings in Green Dot Co. (NYSE:GDOT)

JPMorgan Chase & Co. boosted its position in shares of Green Dot Co. (NYSE:GDOT) by 31.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,802 shares of the financial services provider’s stock after acquiring an additional 78,547 shares during the period. JPMorgan Chase & Co. owned 0.62% of Green Dot worth $3,885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Green Dot during the 2nd quarter valued at $32,000. Torno Capital LLC purchased a new position in Green Dot during the second quarter worth about $38,000. Intech Investment Management LLC bought a new position in Green Dot in the 2nd quarter worth about $142,000. Magnetar Financial LLC bought a new position in Green Dot in the 2nd quarter worth about $152,000. Finally, Amalgamated Bank raised its holdings in shares of Green Dot by 14.0% in the 3rd quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 1,920 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Stock Down 1.6 %

Shares of GDOT opened at $8.88 on Friday. The firm has a market cap of $477.36 million, a P/E ratio of -8.45 and a beta of 0.89. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The stock has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $10.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GDOT shares. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Barclays increased their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.75.

Insider Buying and Selling at Green Dot

In other news, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $10.94 per share, for a total transaction of $1,478,245.62. Following the completion of the acquisition, the insider now owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This trade represents a 2.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll sold 247,230 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the sale, the insider now owns 6,088,737 shares of the company’s stock, valued at $64,175,287.98. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,180 shares of company stock worth $10,071,696 over the last three months. Company insiders own 1.10% of the company’s stock.

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.