Hartford Investment Management Co. Has $203,000 Holdings in Green Dot Co. (GDOT)
Hartford Investment Management Co. cut its holdings in shares of Green Dot Co. (NYSE:GDOT) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,100 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Hartford Investment Management Co.’s holdings in Green Dot were worth $203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Green Dot by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after acquiring an additional 38,814 shares in the last quarter. State Street Corp grew its position in shares of Green Dot by 5.7% in the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Green Dot by 57.4% in the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares in the last quarter. Northern Trust Corp grew its position in shares of Green Dot by 11.0% in the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after acquiring an additional 59,905 shares in the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in shares of Green Dot in the 3rd quarter worth approximately $29,051,000. Institutional investors own 79.26% of the company’s stock.
Several brokerages have recently commented on GDOT. Cowen reiterated a “hold” rating and issued a $52.00 target price on shares of Green Dot in a research report on Friday, November 10th. Citigroup lowered Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research report on Monday, November 13th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, November 13th. Deutsche Bank boosted their price objective on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research report on Monday, November 20th. Seven investment analysts have rated the stock with a hold rating, ten 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 a consensus target price of $53.36.
Shares of Green Dot Co. (NYSE GDOT) traded down $0.25 during mid-day trading on Wednesday, reaching $59.56. The company’s stock had a trading volume of 396,800 shares, compared to its average volume of 356,005. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Co. has a one year low of $23.39 and a one year high of $65.88. The firm has a market cap of $3,039.54, a price-to-earnings ratio of 34.98 and a beta of 0.96.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. analysts predict that Green Dot Co. will post 1.71 EPS for the current year.
In other news, CEO Steven W. Streit sold 2,665 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $62.44, for a total value of $166,402.60. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $11,028,215.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kuan Archer sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $61.67, for a total value of $1,110,060.00. Following the completion of the sale, the chief operating officer now directly owns 106,450 shares in the company, valued at approximately $6,564,771.50. The disclosure for this sale can be found here. Insiders sold a total of 175,751 shares of company stock worth $9,957,097 in the last three months. Company insiders own 11.00% of the company’s stock.
Green Dot 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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