ClariVest Asset Management LLC lowered its position in Green Dot Corporation (NYSE:GDOT) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 112,019 shares of the financial services provider’s stock after selling 75 shares during the period. ClariVest Asset Management LLC’s holdings in Green Dot Corporation were worth $4,317,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Green Dot Corporation by 113.5% in the first quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock worth $6,638,000 after buying an additional 105,791 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares during the period. Comerica Bank boosted its stake in shares of Green Dot Corporation by 5.1% in the first quarter. Comerica Bank now owns 49,347 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,399 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Green Dot Corporation during the first quarter worth $367,000. Finally, Ronald Blue & Co. LLC acquired a new stake in shares of Green Dot Corporation during the first quarter worth $215,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Green Dot Corporation (NYSE:GDOT) opened at 45.86 on Tuesday. The company has a market cap of $2.31 billion, a PE ratio of 39.00 and a beta of 1.06. The stock’s 50 day moving average is $40.28 and its 200 day moving average is $34.93. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $46.88.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. Equities analysts predict that Green Dot Corporation will post $2.05 earnings per share for the current year.

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A number of research firms have weighed in on GDOT. Zacks Investment Research cut shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 price objective (up from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. BidaskClub cut shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG upped their price objective on shares of Green Dot Corporation from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Green Dot Corporation in a research report on Monday, May 22nd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Green Dot Corporation presently has an average rating of “Buy” and a consensus price target of $41.33.

In other Green Dot Corporation news, General Counsel John C. Ricci sold 3,686 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $35.97, for a total value of $132,585.42. Following the sale, the general counsel now directly owns 90,032 shares in the company, valued at approximately $3,238,451.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $39.69, for a total transaction of $198,450.00. Following the completion of the sale, the chief financial officer now owns 773,157 shares in the company, valued at $30,686,601.33. The disclosure for this sale can be found here. Insiders sold a total of 140,287 shares of company stock worth $5,264,076 over the last 90 days. Company insiders own 11.00% of the company’s stock.

Green Dot Corporation Company Profile

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

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Institutional Ownership by Quarter for Green Dot Corporation (NYSE:GDOT)

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