BNP Paribas Financial Markets Grows Stock Holdings in Green Dot Co. (NYSE:GDOT)

BNP Paribas Financial Markets boosted its holdings in shares of Green Dot Co. (NYSE:GDOT) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,142 shares of the financial services provider’s stock after purchasing an additional 3,035 shares during the quarter. BNP Paribas Financial Markets owned about 0.28% of Green Dot worth $1,608,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after buying an additional 78,547 shares during the period. Dimensional Fund Advisors LP increased its stake in Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock worth $22,496,000 after buying an additional 363,831 shares during the period. Walmart Inc. purchased a new position in Green Dot in the 4th quarter worth about $10,374,000. Wellington Management Group LLP purchased a new position in Green Dot in the 4th quarter worth about $2,048,000. Finally, Principal Financial Group Inc. increased its stake in Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after buying an additional 7,642 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Northland Securities raised shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 9th. Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, March 14th. Keefe, Bruyette & Woods cut their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Barclays raised their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, May 12th. Finally, Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Green Dot presently has an average rating of “Moderate Buy” and an average target price of $11.50.

Green Dot Stock Down 2.5%

Shares of Green Dot stock opened at $9.46 on Monday. The firm’s 50 day moving average price is $8.10 and its 200-day moving average price is $9.16. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a market cap of $512.74 million, a P/E ratio of -9.00 and a beta of 0.76.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm had revenue of $555.96 million for the quarter, compared to the consensus estimate of $503.20 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, sell-side analysts predict that Green Dot Co. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the sale, the insider now directly owns 253,139 shares in the company, valued at $2,784,529. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

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.