Green Dot Corporation (GDOT) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC lowered its position in shares of Green Dot Corporation (NYSE:GDOT) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 365,325 shares of the financial services provider’s stock after selling 20,334 shares during the period. TIAA CREF Investment Management LLC owned about 0.73% of Green Dot Corporation worth $14,076,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. purchased a new stake in shares of Green Dot Corporation in the 2nd quarter valued at $108,000. IFP Advisors Inc grew its holdings in shares of Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,824 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Green Dot Corporation during the 1st quarter valued at $118,000. Turner Investments LLC bought a new position in shares of Green Dot Corporation during the 2nd quarter valued at $154,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,429 shares during the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $46.74, for a total value of $373,686.30. Following the transaction, the insider now owns 217,010 shares of the company’s stock, valued at approximately $10,143,047.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glinda Bridgforth-Hodges sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total transaction of $351,900.00. Following the completion of the transaction, the director now directly owns 5,003 shares in the company, valued at approximately $234,740.76. The disclosure for this sale can be found here. Insiders have sold a total of 148,156 shares of company stock valued at $6,699,117 over the last three months. 11.00% of the stock is owned by corporate insiders.
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Green Dot Corporation (NYSE:GDOT) opened at 49.58 on Monday. The company has a market cap of $2.50 billion, a P/E ratio of 42.16 and a beta of 1.00. The company’s 50 day moving average price is $45.96 and its 200-day moving average price is $38.55. Green Dot Corporation has a one year low of $21.45 and a one year high of $50.25.
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, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. On average, analysts forecast that Green Dot Corporation will post $2.05 EPS for the current fiscal year.
A number of equities analysts recently commented on GDOT shares. Northland Securities reiterated an “outperform” rating and issued a $55.00 target price (up previously from $47.00) on shares of Green Dot Corporation in a research report on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. Citigroup Inc. upped their price target on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 18th. BidaskClub cut Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Finally, ValuEngine raised 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 assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.50.
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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