American Century Companies Inc. Grows Position in Green Dot Corporation $GDOT

Key Points

• American Century Companies Inc. increased its stake in Green Dot Corporation by 18.5%, acquiring an additional 193,016 shares and holding 1,234,050 shares, valued at approximately $10.4 million.
• Green Dot reported a 23.9% year-over-year increase in quarterly revenue, reaching $501.16 million, and beat analyst estimates for earnings per share by reporting $0.40 EPS.
• Analysts have a moderate outlook on Green Dot, with a current average rating of "Moderate Buy" and an average price target of $13.00.

American Century Companies Inc. increased its holdings in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 18.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,234,050 shares of the financial services provider's stock after purchasing an additional 193,016 shares during the quarter. American Century Companies Inc. owned approximately 2.28% of Green Dot worth $10,415,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Green Dot by 152.0% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after buying an additional 3,416 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Green Dot in the first quarter valued at $96,000. Caxton Associates LP acquired a new stake in shares of Green Dot in the fourth quarter valued at $121,000. Graham Capital Management L.P. grew its holdings in shares of Green Dot by 25.0% during the fourth quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock worth $150,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Green Dot by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider's stock worth $155,000 after buying an additional 1,843 shares during the last quarter. 92.56% of the stock is owned by institutional investors.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the transaction, the insider directly owned 226,656 shares in the company, valued at approximately $2,808,267.84. This trade represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Green Dot Trading Up 2.3%

Shares of NYSE:GDOT traded up $0.31 during trading on Monday, reaching $13.85. 630,128 shares of the company traded hands, compared to its average volume of 897,035. The business's fifty day moving average is $11.43 and its 200-day moving average is $9.53. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $14.27. The firm has a market capitalization of $767.37 million, a price-to-earnings ratio of -31.49 and a beta of 0.77. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.23. The firm had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.Green Dot's quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, analysts forecast that Green Dot Corporation will post 0.87 EPS for the current year.

Analysts Set New Price Targets

GDOT has been the subject of several research reports. Zacks Research upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Northland Securities set a $16.00 price objective on shares of Green Dot in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods raised their price objective on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Barclays lifted their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Green Dot Profile

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.