UBS Group AG grew its position in Green Dot Co. (NYSE:GDOT) by 57.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,072 shares of the financial services provider’s stock after acquiring an additional 67,167 shares during the quarter. UBS Group AG’s holdings in Green Dot were worth $4,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its position in shares of Green Dot by 8.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 204,830 shares of the financial services provider’s stock valued at $5,201,000 after acquiring an additional 15,260 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Green Dot during the first quarter worth approximately $506,000. New York State Teachers Retirement System lifted its position in Green Dot by 39.9% during the first quarter. New York State Teachers Retirement System now owns 65,210 shares of the financial services provider’s stock worth $1,656,000 after buying an additional 18,610 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Green Dot during the first quarter worth approximately $227,000. Finally, AMI Asset Management Corp lifted its position in Green Dot by 1.1% during the first quarter. AMI Asset Management Corp now owns 333,459 shares of the financial services provider’s stock worth $8,467,000 after buying an additional 3,567 shares in the last quarter. Institutional investors and hedge funds own 83.56% of the company’s stock.

In related news, Director Jeffrey Osher bought 9,250 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $37.10 per share, with a total value of $343,175.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Strub sold 4,603 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $25.00, for a total value of $115,075.00. Following the transaction, the chief operating officer now directly owns 101,533 shares of the company’s stock, valued at $2,538,325. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

A number of brokerages recently commented on GDOT. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Canaccord Genuity lifted their price objective on Green Dot from $29.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on Green Dot from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Deutsche Bank lifted their price objective on Green Dot from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Finally, Northland Securities raised their target price on Green Dot from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Green Dot presently has a consensus rating of “Hold” and an average target price of $36.00.

Shares of NYSE GDOT opened at $37.80 on Friday. Green Dot Co. has a twelve month low of $14.20 and a twelve month high of $51.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $28.89 and a 200-day simple moving average of $27.66. The stock has a market capitalization of $2.02 billion, a PE ratio of 24.71 and a beta of 1.00.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.34. Green Dot had a return on equity of 11.35% and a net margin of 7.32%. The business had revenue of $362.20 million during the quarter, compared to analysts’ expectations of $324.12 million. During the same period in the previous year, the firm posted $1.51 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts predict that Green Dot Co. will post 0.89 earnings per share for the current year.

Green Dot Profile

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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

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