Smith Asset Management Group LP increased its position in shares of Green Dot Corporation (NYSE:GDOT) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,266 shares of the financial services provider’s stock after buying an additional 738 shares during the period. Smith Asset Management Group LP’s holdings in Green Dot Corporation were worth $473,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Green Dot Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $607,000 after buying an additional 400 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after buying an additional 470 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Green Dot Corporation (NYSE:GDOT) opened at 45.86 on Tuesday. The stock’s 50 day moving average price is $40.28 and its 200 day moving average price is $34.93. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 39.00 and a beta of 1.06. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $46.88.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million during 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%. Green Dot Corporation’s revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. On average, analysts forecast that Green Dot Corporation will post $2.05 EPS for the current year.

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Several brokerages recently weighed in on GDOT. Citigroup Inc. increased their price objective on Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Lake Street Capital upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. William Blair upgraded Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods set a $37.00 price objective on Green Dot Corporation and gave the stock a “hold” rating in a research report on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.33.

In other news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $39.69, for a total transaction of $198,450.00. Following the completion of the sale, the chief financial officer now directly owns 773,157 shares of the company’s stock, valued at approximately $30,686,601.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John C. Ricci sold 3,686 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $35.97, for a total transaction of $132,585.42. Following the sale, the general counsel now directly owns 90,032 shares of the company’s stock, valued at $3,238,451.04. The disclosure for this sale can be found here. Insiders sold a total of 140,287 shares of company stock valued at $5,264,076 over the last quarter. 11.00% of the stock is currently owned by insiders.

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

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