XTX Topco Ltd Raises Stake in Green Dot Corporation (NYSE:GDOT)

XTX Topco Ltd grew its holdings in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 436.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,175 shares of the financial services provider's stock after buying an additional 187,293 shares during the quarter. XTX Topco Ltd owned approximately 0.42% of Green Dot worth $1,943,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GDOT. American Century Companies Inc. increased its holdings in shares of Green Dot by 42.5% during 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 acquiring an additional 310,492 shares during the last quarter. Sei Investments Co. bought a new position in Green Dot during the fourth quarter worth $217,000. KLP Kapitalforvaltning AS bought a new position in Green Dot during the fourth quarter worth $84,000. Vanguard Group Inc. increased its holdings in shares of Green Dot by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock valued at $38,141,000 after purchasing an additional 71,534 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Green Dot by 25.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,513 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 3,339 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the sale, the insider owned 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Green Dot Trading Down 2.7%

NYSE:GDOT traded down $0.27 during trading hours on Friday, hitting $9.85. 951,702 shares of the company were exchanged, compared to its average volume of 651,146. The company has a fifty day simple moving average of $10.25 and a 200 day simple moving average of $9.01. Green Dot Corporation has a one year low of $6.12 and a one year high of $13.58. The stock has a market capitalization of $540.67 million, a price-to-earnings ratio of -75.76 and a beta of 0.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.36. The company had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. Green Dot's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. Sell-side analysts expect that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GDOT. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Northland Securities upgraded 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. Barclays lifted their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods upped their price objective on Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Green Dot currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

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.