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

Key Points

• American Century increased its stake in Green Dot by 22.2% in Q3, adding 314,145 shares to hold 1,730,308 shares (3.12% of the company) worth about $23.24 million.
• Institutional ownership is very high at about 92.56%, with several other funds recently initiating or boosting small positions in GDOT.
• Green Dot has a market cap of $649.25 million, a negative P/E (-13.78) and a 52-week range of $6.12–$15.41, and the consensus analyst rating is "Reduce" with a target price of $12.56 (1 Buy, 4 Hold, 2 Sell).

American Century Companies Inc. increased its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,730,308 shares of the financial services provider's stock after purchasing an additional 314,145 shares during the period. American Century Companies Inc. owned 3.12% of Green Dot worth $23,238,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Green Dot in the 3rd quarter worth about $29,000. Virtus Advisers LLC acquired a new position in shares of Green Dot during the second quarter valued at approximately $33,000. Ameritas Investment Partners Inc. lifted its position in shares of Green Dot by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 861 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Green Dot in the first quarter worth approximately $96,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Up 1.0%

Shares of NYSE:GDOT opened at $11.72 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $12.13 and a two-hundred day moving average of $12.63. The stock has a market cap of $649.25 million, a P/E ratio of -13.78 and a beta of 0.82. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $15.41.

Wall Street Analyst Weigh In

GDOT has been the subject of several research reports. Northland Securities set a $14.25 price target on Green Dot and gave the stock a "market perform" rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Green Dot from a "buy" rating to a "hold" rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Green Dot in a report on Thursday, January 22nd. Finally, William Blair reiterated a "market perform" rating on shares of Green Dot in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $12.56.

About Green Dot

Green Dot Corporation NYSE: GDOT is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.

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