Jane Street Group LLC Boosts Stock Holdings in Green Dot Co. (NYSE:GDOT)

Jane Street Group LLC increased its holdings in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 611.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,338 shares of the financial services provider's stock after buying an additional 114,584 shares during the period. Jane Street Group LLC owned about 0.25% of Green Dot worth $1,419,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of Green Dot by 5.1% during the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider's stock worth $1,974,000 after acquiring an additional 9,044 shares during the last quarter. Principal Financial Group Inc. increased its position in Green Dot by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock valued at $2,775,000 after purchasing an additional 7,642 shares during the period. New York State Common Retirement Fund raised its holdings in Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after purchasing an additional 4,600 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Green Dot by 12.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock worth $288,000 after purchasing an additional 2,954 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Green Dot in the 4th quarter worth approximately $294,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Green Dot

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. 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 report on Friday, March 14th. Keefe, Bruyette & Woods dropped their price objective on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Green Dot has an average rating of "Moderate Buy" and an average price target of $11.50.

Green Dot Stock Down 1.7%

NYSE:GDOT traded down $0.16 during trading hours on Friday, reaching $9.06. The company had a trading volume of 755,967 shares, compared to its average volume of 635,628. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market cap of $497.04 million, a price-to-earnings ratio of -8.62 and a beta of 0.76. The business's 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $9.05.

Green Dot (NYSE:GDOT - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate 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 company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period last year, the business posted $0.59 EPS. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts expect that Green Dot Co. will post 0.87 earnings per share for the current year.

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.