Green Dot Co. (NYSE:GDOT) Shares Sold by Ameriprise Financial Inc.

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

Several other hedge funds have also made changes to their positions in GDOT. Topline Capital Management LLC acquired a new position in Green Dot during the fourth quarter worth approximately $57,209,000. Walmart Inc. purchased a new stake in shares of Green Dot during the 4th quarter valued at $10,374,000. Prudential Financial Inc. increased its holdings in shares of Green Dot by 135.9% during the 4th quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock worth $7,032,000 after buying an additional 380,692 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after buying an additional 363,831 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Green Dot by 42.5% in the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after buying an additional 310,492 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GDOT. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods dropped their target price on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a research report on Friday, February 28th. Barclays lifted their price target on shares of 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 shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

Green Dot Stock Down 1.4%

NYSE:GDOT traded down $0.13 during trading hours on Friday, hitting $9.23. The stock had a trading volume of 1,797,690 shares, compared to its average volume of 643,274. The company has a market cap of $506.64 million, a PE ratio of -8.79 and a beta of 0.76. The business has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $9.02. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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

Insider Activity

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the company's 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 directly owns 253,139 shares of the company's stock, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.40% of the company's stock.

About Green Dot

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.