Green Dot Co. (NYSE:GDOT) Position Trimmed by Swiss National Bank (2024)

Posted by MarketBeat News on May 31st, 2024

Swiss National Bank lowered its position in shares of Green Dot Co. (NYSE:GDOT – Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 92,800 shares of the financial services provider’s stock after selling 9,300 shares during the period. Swiss National Bank’s holdings in Green Dot were worth $919,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GDOT. Meeder Asset Management Inc. acquired a new stake in Green Dot in the fourth quarter worth about $53,000. PNC Financial Services Group Inc. lifted its stake in Green Dot by 65.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after buying an additional 2,434 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Green Dot by 39.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,074 shares in the last quarter. Caxton Associates LP purchased a new stake in Green Dot during the third quarter valued at about $141,000. Finally, Carmel Capital Partners LLC lifted its stake in Green Dot by 701.2% during the fourth quarter. Carmel Capital Partners LLC now owns 14,077 shares of the financial services provider’s stock valued at $139,000 after buying an additional 12,320 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT stock opened at $10.00 on Friday. The stock has a market cap of $532.10 million, a P/E ratio of -21.28 and a beta of 1.03. Green Dot Co. has a one year low of $7.30 and a one year high of $21.37. The stock has a fifty day moving average price of $9.16 and a 200 day moving average price of $8.96.

Want More Great Investing Ideas?

Green Dot (NYSE:GDOT – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The company had revenue of $447.42 million for the quarter, compared to the consensus estimate of $415.70 million. Equities research analysts anticipate that Green Dot Co. will post 1.04 EPS for the current year.

Insider Activity

In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the sale, the insider now directly owns 276,595 shares in the company, valued at $2,259,781.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the sale, the insider now directly owns 276,595 shares in the company, valued at $2,259,781.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Christian Devin Ruppel acquired 33,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $9.06 per share, with a total value of $298,980.00. Following the completion of the transaction, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GDOT has been the subject of a number of analyst reports. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. TheStreet lowered shares of Green Dot from a “c-” rating to a “d” rating in a research note on Thursday, February 1st. Finally, Truist Financial upped their target price on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Get Our Latest Research Report on Green Dot

About Green Dot

(Free Report)

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.

Featured Articles

Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Co. (NYSE:GDOT – Free Report).

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.