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

Geode Capital Management LLC raised its stake in shares of Green Dot Co. (NYSE:GDOT) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,237,767 shares of the financial services provider’s stock after acquiring an additional 14,771 shares during the quarter. Geode Capital Management LLC owned approximately 2.30% of Green Dot worth $13,173,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Green Dot by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after purchasing an additional 78,547 shares during the period. Barclays PLC increased its position in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 68,481 shares during the period. Wellington Management Group LLP bought a new stake in Green Dot during the 4th quarter valued at $2,048,000. Principal Financial Group Inc. lifted its holdings in Green Dot by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after purchasing an additional 7,642 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Green Dot in the fourth quarter valued at approximately $294,000. Institutional investors own 92.56% of the company’s stock.

Green Dot Stock Up 2.7 %

Shares of Green Dot stock opened at $7.62 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58. The stock has a 50-day moving average price of $7.83 and a 200 day moving average price of $9.50. The company has a market cap of $413.23 million, a P/E ratio of -7.26 and a beta of 0.87.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GDOT shares. Northland Capmk upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Barclays dropped 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. Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Finally, Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

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.