Comerica Bank increased its holdings in Green Dot Co. (NYSE:GDOT) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,695 shares of the financial services provider’s stock after purchasing an additional 1,101 shares during the period. Comerica Bank owned approximately 0.12% of Green Dot worth $3,917,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GDOT. Louisiana State Employees Retirement System raised its position in Green Dot by 7.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 1,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Green Dot by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 213,475 shares of the financial services provider’s stock worth $12,865,000 after purchasing an additional 14,160 shares in the last quarter. Acadian Asset Management LLC raised its position in Green Dot by 293.4% in the fourth quarter. Acadian Asset Management LLC now owns 178,196 shares of the financial services provider’s stock worth $10,738,000 after purchasing an additional 132,903 shares in the last quarter. James Investment Research Inc. raised its position in Green Dot by 272.9% in the fourth quarter. James Investment Research Inc. now owns 40,420 shares of the financial services provider’s stock worth $2,436,000 after purchasing an additional 29,580 shares in the last quarter. Finally, Bfsg LLC raised its position in Green Dot by 17.2% in the fourth quarter. Bfsg LLC now owns 5,731 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 840 shares in the last quarter. 82.20% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Steven W. Streit sold 12,495 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $62.68, for a total transaction of $783,186.60. Following the sale, the insider now directly owns 178,121 shares of the company’s stock, valued at $11,164,624.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven W. Streit sold 4,165 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $60.65, for a total transaction of $252,607.25. Following the sale, the chief executive officer now directly owns 178,121 shares in the company, valued at $10,803,038.65. The disclosure for this sale can be found here. Insiders have sold 420,144 shares of company stock worth $27,019,303 over the last three months. 11.00% of the stock is owned by insiders.

Shares of Green Dot opened at $72.25 on Friday, Marketbeat reports. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 35.49 and a beta of 0.76. Green Dot Co. has a 1-year low of $71.97 and a 1-year high of $72.68.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.11. The firm had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. equities analysts anticipate that Green Dot Co. will post 2.35 EPS for the current year.

Several research analysts recently issued reports on the stock. Craig Hallum increased their price target on shares of Green Dot from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. ValuEngine raised shares of Green Dot from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Green Dot from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Compass Point lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 13th. Finally, William Blair reissued an “outperform” rating on shares of Green Dot in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $63.64.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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

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