Charles Schwab Investment Management Inc. Sells 79,218 Shares of Green Dot Corporation $GDOT

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Green Dot Corporation by 12.4%, selling 79,218 shares, and now holds 561,436 shares worth approximately $4.74 million.
• Insider Christian Devin Ruppel sold 27,931 shares of Green Dot, decreasing their ownership by nearly 11% to 226,656 shares valued at about $2.81 million.
• Green Dot reported strong earnings, with a quarterly revenue increase of 23.9% year-over-year and earnings per share of $0.40, surpassing estimates.

Charles Schwab Investment Management Inc. lessened its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 561,436 shares of the financial services provider's stock after selling 79,218 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.04% of Green Dot worth $4,739,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Green Dot by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock worth $324,000 after acquiring an additional 1,292 shares in the last quarter. Graham Capital Management L.P. boosted its stake in shares of Green Dot by 25.0% during the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock worth $150,000 after acquiring an additional 2,818 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Green Dot by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock worth $1,608,000 after acquiring an additional 3,035 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock worth $48,000 after acquiring an additional 3,416 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Green Dot by 5.4% during the 4th quarter. Barclays PLC now owns 93,324 shares of the financial services provider's stock worth $993,000 after acquiring an additional 4,820 shares in the last quarter. Institutional investors own 92.56% of the company's stock.

Green Dot Stock Performance

Shares of NYSE GDOT traded up $0.31 during trading hours on Monday, hitting $13.85. 630,128 shares of the company's stock were exchanged, compared to its average volume of 897,035. The company's 50-day moving average price is $11.35 and its 200-day moving average price is $9.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $767.37 million, a price-to-earnings ratio of -31.49 and a beta of 0.77. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $14.27.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total value of $346,065.09. Following the completion of the transaction, the insider owned 226,656 shares of the company's stock, valued at $2,808,267.84. This represents a 10.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.