Allianz Asset Management GmbH Has $135,000 Stock Position in Green Dot Corporation (NYSE:GDOT)

Allianz Asset Management GmbH cut its holdings in Green Dot Corporation (NYSE:GDOT) by 44.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,000 shares of the financial services provider’s stock after selling 12,900 shares during the period. Allianz Asset Management GmbH’s holdings in Green Dot were worth $135,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Topline Capital Management LLC bought a new position in shares of Green Dot in the 4th quarter valued at about $57,209,000. Vanguard Group Inc. boosted its position in Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider’s stock valued at $38,141,000 after purchasing an additional 71,534 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock valued at $22,496,000 after purchasing an additional 363,831 shares in the last quarter. Geode Capital Management LLC grew its stake in Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider’s stock valued at $13,173,000 after purchasing an additional 14,771 shares in the last quarter. Finally, Walmart Inc. acquired a new position in shares of Green Dot during the 4th quarter worth approximately $10,374,000. Institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GDOT. Barclays upped their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Green Dot from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Friday, July 11th. Wall Street Zen raised Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Northland Securities upgraded 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Insider Activity at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction 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 owned 253,139 shares in the company, valued at $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.

Green Dot Price Performance

Shares of GDOT opened at $9.97 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.07. The stock has a market cap of $547.25 million, a PE ratio of -76.69 and a beta of 0.75. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $13.58. The business has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $9.02.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.36. The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. Green Dot’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current fiscal 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.