Thrivent Financial for Lutherans Increases Stake in Green Dot Co. (NYSE:GDOT)

Thrivent Financial for Lutherans increased its position in Green Dot Co. (NYSE:GDOT – Get Rating) by 92.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 95,066 shares of the financial services provider’s stock after acquiring an additional 45,616 shares during the quarter. Thrivent Financial for Lutherans owned about 0.18% of Green Dot worth $1,504,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in Green Dot by 2.4% during the 1st quarter. Citigroup Inc. now owns 57,892 shares of the financial services provider’s stock valued at $1,590,000 after buying an additional 1,351 shares in the last quarter. Bank of Montreal Can grew its holdings in Green Dot by 93.5% during the 1st quarter. Bank of Montreal Can now owns 30,069 shares of the financial services provider’s stock valued at $832,000 after buying an additional 14,530 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Green Dot by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 28,859 shares of the financial services provider’s stock valued at $793,000 after buying an additional 10,382 shares in the last quarter. Rhumbline Advisers grew its holdings in Green Dot by 1.1% during the 1st quarter. Rhumbline Advisers now owns 154,241 shares of the financial services provider’s stock valued at $4,239,000 after buying an additional 1,728 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Green Dot by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,142 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 5,812 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GDOT. Barclays reduced their target price on Green Dot from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, February 27th. StockNews.com began coverage on shares of Green Dot in a research report on Thursday. They issued a “hold” rating on the stock. Truist Financial decreased their price objective on shares of Green Dot from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Finally, Needham & Company LLC cut shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.43.

Green Dot Price Performance

Shares of NYSE GDOT opened at $17.58 on Monday. Green Dot Co. has a one year low of $14.96 and a one year high of $30.26. The firm’s 50 day simple moving average is $16.72 and its two-hundred day simple moving average is $17.51. The stock has a market capitalization of $914.86 million, a P/E ratio of 15.16 and a beta of 1.07.

Green Dot (NYSE:GDOT – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.24. Green Dot had a net margin of 4.20% and a return on equity of 13.13%. The business had revenue of $336.63 million for the quarter, compared to analysts’ expectations of $320.44 million. As a group, equities analysts expect that Green Dot Co. will post 1.24 earnings per share for the current fiscal year.

Green Dot Profile

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Green Dot Corp. is a financial technology and registered bank holding company. It engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services, Business to Business (B2B) Services, Money Movement Services, and Corporate and Other.