UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,558 Shares of Green Dot Co. (NYSE:GDOT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,356 shares of the financial services provider’s stock after selling 3,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Green Dot worth $1,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Green Dot during the fourth quarter worth approximately $44,000. KLP Kapitalforvaltning AS bought a new stake in Green Dot in the fourth quarter valued at approximately $84,000. Caxton Associates LP bought a new stake in Green Dot in the fourth quarter valued at approximately $121,000. New York State Common Retirement Fund increased its stake in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in Green Dot in the fourth quarter valued at approximately $131,000. 92.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the completion of the transaction, the insider now directly owns 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Green Dot Price Performance

GDOT stock opened at $10.29 on Tuesday. The stock has a 50-day moving average price of $8.59 and a two-hundred day moving average price of $8.95. The stock has a market cap of $564.61 million, a PE ratio of -9.80 and a beta of 0.73. 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.

Green Dot (NYSE:GDOT) last released its earnings results 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. The firm had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Equities analysts forecast that Green Dot Co. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.