Green Dot Co. (NYSE:GDOT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Green Dot Co. (NYSE:GDOT) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,772 shares of the financial services provider’s stock after acquiring an additional 3,581 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Green Dot were worth $146,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GDOT. SG Americas Securities LLC raised its stake in shares of Green Dot by 4.9% in the 4th quarter. SG Americas Securities LLC now owns 27,367 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 1,285 shares in the last quarter. TD Asset Management Inc grew its stake in Green Dot by 7.5% in the third quarter. TD Asset Management Inc now owns 20,000 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,400 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,074 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Green Dot by 65.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after buying an additional 2,434 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in Green Dot by 23.0% during the 4th quarter. Moody National Bank Trust Division now owns 14,391 shares of the financial services provider’s stock worth $142,000 after buying an additional 2,695 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

Insider Transactions at Green Dot

In related news, CRO Christian Devin Ruppel acquired 33,000 shares of Green Dot stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the completion of the acquisition, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CRO Christian Devin Ruppel acquired 33,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at $921,537.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Principal Co Lp Starboard sold 75,729 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $8.58, for a total value of $649,754.82. Following the completion of the sale, the insider now owns 270,207 shares of the company’s stock, valued at $2,318,376.06. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial upped their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com cut shares of Green Dot from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. TheStreet downgraded shares of Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods cut their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Dot has an average rating of “Hold” and a consensus target price of $10.75.

Green Dot Stock Down 0.3 %

Shares of NYSE:GDOT opened at $9.24 on Thursday. The company’s 50-day moving average price is $8.75 and its 200 day moving average price is $9.11. Green Dot Co. has a fifty-two week low of $7.30 and a fifty-two week high of $21.37. The company has a market cap of $488.15 million, a PE ratio of 71.08 and a beta of 1.03.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. The business had revenue of $361.72 million during the quarter, compared to analyst estimates of $350.14 million. As a group, equities analysts anticipate that Green Dot Co. will post 0.9 EPS for the current year.

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.