Cubist Systematic Strategies LLC purchased a new stake in Green Dot Corporation (NYSE:GDOT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,506 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Suntrust Banks Inc. raised its holdings in Green Dot Corporation by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares during the period. Virtu KCG Holdings LLC raised its holdings in Green Dot Corporation by 5.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock worth $376,000 after buying an additional 520 shares during the period. Legal & General Group Plc raised its holdings in Green Dot Corporation by 0.8% during the 1st quarter. Legal & General Group Plc now owns 78,448 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 654 shares during the period. Smith Asset Management Group LP raised its holdings in Green Dot Corporation by 6.4% during the 2nd quarter. Smith Asset Management Group LP now owns 12,266 shares of the financial services provider’s stock worth $473,000 after buying an additional 738 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Green Dot Corporation by 6.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock worth $617,000 after buying an additional 977 shares during the period. 77.17% of the stock is owned by institutional investors.

Shares of Green Dot Corporation (NYSE GDOT) opened at $56.58 on Friday. The company has a market cap of $2.87 billion, a P/E ratio of 35.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93.

Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was up 28.2% on a year-over-year basis. equities analysts anticipate that Green Dot Corporation will post 1.69 earnings per share for the current year.

In other news, CFO Mark L. Shifke sold 5,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.81, for a total value of $229,050.00. Following the completion of the transaction, the chief financial officer now owns 757,575 shares in the company, valued at approximately $34,704,510.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kuan Archer sold 11,898 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $56.11, for a total transaction of $667,596.78. Following the completion of the transaction, the chief operating officer now owns 109,348 shares of the company’s stock, valued at approximately $6,135,516.28. The disclosure for this sale can be found here. Insiders sold a total of 163,054 shares of company stock valued at $8,099,509 in the last 90 days. Company insiders own 11.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/cubist-systematic-strategies-llc-takes-position-in-green-dot-corporation-gdot/1677615.html.

Several analysts have issued reports on the company. SunTrust Banks, Inc. restated a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. BidaskClub downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, July 12th. Cowen and Company restated a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “buy” rating and set a $53.00 price objective on shares of Green Dot Corporation in a report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.91.

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.

Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Corporation (NYSE:GDOT).

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

Receive News & Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.