Northern Trust Corp Has $6.16 Million Stake in Green Dot Co. (NYSE:GDOT)

Northern Trust Corp reduced its stake in shares of Green Dot Co. (NYSE:GDOT) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,921 shares of the financial services provider’s stock after selling 2,179 shares during the quarter. Northern Trust Corp owned 1.08% of Green Dot worth $6,160,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in Green Dot by 5.1% in the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider’s stock valued at $1,974,000 after acquiring an additional 9,044 shares during the last quarter. Principal Financial Group Inc. raised its position 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 valued at $2,775,000 after buying an additional 7,642 shares during the last quarter. New York State Common Retirement Fund raised its position in Green Dot by 63.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after buying an additional 4,600 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Green Dot by 12.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 2,954 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Green Dot during the 4th quarter worth approximately $294,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GDOT has been the subject of several research analyst reports. Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, March 14th. Barclays upped their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, May 12th. Keefe, Bruyette & Woods reduced their price target on 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. 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 research report on Wednesday, April 9th. Finally, Northland Capmk upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Green Dot presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Insider Transactions at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction on Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the completion of the sale, the insider now owns 253,139 shares of the company’s stock, valued at approximately $2,784,529. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Green Dot Stock Performance

Shares of Green Dot stock opened at $9.33 on Tuesday. The company has a market cap of $505.97 million, a PE ratio of -8.89 and a beta of 0.76. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. The business has a 50 day moving average price of $8.16 and a 200-day moving average price of $9.14. 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 (NYSE:GDOT) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period last year, the business posted $0.59 earnings per share. Green Dot’s revenue was up 23.6% on a year-over-year basis. Equities analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current fiscal year.

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.