Citadel Advisors LLC lessened its stake in Green Dot Corporation (NYSE:GDOT) by 65.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,745 shares of the financial services provider’s stock after selling 103,721 shares during the quarter. Citadel Advisors LLC owned 0.11% of Green Dot Corporation worth $2,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GDOT. BlackRock Inc. grew its stake in Green Dot Corporation by 53,389.4% in the 1st quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock valued at $177,121,000 after acquiring an additional 5,299,431 shares during the last quarter. Vanguard Group Inc. grew its stake in Green Dot Corporation by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock valued at $136,503,000 after acquiring an additional 412,984 shares during the last quarter. Lucha Capital Management LP acquired a new stake in Green Dot Corporation in the 1st quarter valued at about $12,590,000. Russell Investments Group Ltd. grew its stake in Green Dot Corporation by 91.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock valued at $27,975,000 after acquiring an additional 346,014 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Green Dot Corporation by 57.4% in the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after acquiring an additional 299,842 shares during the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.

In other Green Dot Corporation news, General Counsel John C. Ricci sold 20,707 shares of Green Dot Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.21, for a total transaction of $977,577.47. Following the transaction, the general counsel now owns 91,163 shares of the company’s stock, valued at approximately $4,303,805.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corporation stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $39.86, for a total value of $199,300.00. Following the transaction, the chief financial officer now directly owns 762,575 shares in the company, valued at approximately $30,396,239.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,156 shares of company stock worth $6,699,117. Corporate insiders own 11.00% of the company’s stock.

A number of equities research analysts recently commented on GDOT shares. Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $41.00 to $44.00 in a research note on Wednesday, August 9th. BidaskClub raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, July 12th. 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 note on Monday, July 24th. Finally, ValuEngine raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.50.

Shares of Green Dot Corporation (NYSE:GDOT) opened at 49.58 on Friday. The firm has a market capitalization of $2.50 billion, a PE ratio of 42.16 and a beta of 1.01. The firm’s 50 day moving average is $45.96 and its 200 day moving average is $38.55. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $50.25.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. Analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current fiscal year.

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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.

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

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