Ameriprise Financial Inc. Sells 48,772 Shares of Green Dot Co. (NYSE:GDOT)

Ameriprise Financial Inc. decreased its position in Green Dot Co. (NYSE:GDOT - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,073 shares of the financial services provider's stock after selling 48,772 shares during the period. Ameriprise Financial Inc. owned 0.51% of Green Dot worth $2,916,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Green Dot during the fourth quarter worth about $44,000. KLP Kapitalforvaltning AS acquired a new stake in Green Dot in the 4th quarter valued at approximately $84,000. New York State Common Retirement Fund raised its position in Green Dot by 63.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after buying an additional 4,600 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in Green Dot in the 4th quarter valued at approximately $131,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Green Dot by 25.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,513 shares of the financial services provider's stock valued at $164,000 after buying an additional 3,339 shares during the last quarter. Institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

Shares of Green Dot stock traded up $0.32 during trading on Monday, reaching $9.56. 786,042 shares of the company's stock were exchanged, compared to its average volume of 645,528. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58. The company has a market cap of $524.76 million, a P/E ratio of -9.10 and a beta of 0.76. The firm's 50-day moving average price is $8.48 and its 200 day moving average price is $8.98.

Green Dot (NYSE:GDOT - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The business had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Friday, March 14th. Barclays lifted their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.50.

Insider Activity at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $11.00, for a total value of $112,079.00. Following the transaction, the insider now owns 253,139 shares in the company, valued at approximately $2,784,529. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate 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.